ISLAMABAD: Gemini, the cryptocurrency exchange founded by billionaire twins Tyler and Cameron Winklevoss, has confidentially filed for an initial public offering (IPO) in the United States, according to sources.
The move reflects renewed momentum in the crypto industry, with digital asset firms rushing to tap into growing investor interest and a revitalized IPO market.
The confidential filing was disclosed on Friday, marking Gemini’s intent to enter public markets at a time when cryptocurrency valuations are soaring.
The company has not yet specified the size or pricing of the proposed offering.
This development follows the highly successful IPO of stablecoin issuer Circle earlier in the week, signaling a resurgence of investor appetite in blockchain and fintech sectors.
Crypto Industry Gains Ground in Capital Markets
The IPO wave indicates that the crypto sector is evolving beyond its turbulent past and gaining legitimacy in traditional finance.
“Gemini’s move contributes to the broader momentum and reinforces the idea that crypto-native firms are increasingly preparing to access public markets,” said Kat Liu, Vice President at IPOX.
Market analysts believe the timing couldn’t be better.
Bitcoin is trading above $100,000, and the global crypto market capitalization has reached approximately $3.3 trillion. The recent inclusion of Coinbase in the S&P 500 further underscores the sector’s growing acceptance among institutional investors.
Financial experts suggest this shift is also being fueled by favorable political signals, including public support for digital assets from former U.S. President Donald Trump.
The approval of spot Bitcoin ETFs in the U.S. has further legitimized the space, triggering billions in institutional inflows.
From Lawsuits to Listings: Gemini’s Journey
Gemini enables users to trade and store over 70 cryptocurrencies and is considered one of the more compliant and regulation-focused platforms in the sector.
Its founders, the Winklevoss twins, gained fame from their legal battle with Facebook’s Mark Zuckerberg, which ended in a high-profile settlement in 2008.
While Gemini still awaits regulatory clearance to finalize its IPO, market watchers see its filing as a strong indicator that crypto firms are ready to reenter public markets with greater transparency and structure.
