Gemini, the Crypto Exchange Founded by the Winklevoss Twins, filed for a confidential Initial Public Offering (IPO) in the United States.
This development marks a significant step forward for the exchange in bridging Traditional finance and Digital assets while providing an avenue for more liquidity in the Crypto market.
Gemini’s move positions the crypto firm alongside financial heavyweights like Goldman Sachs and Citi Group, which are advising the firm on the IPO listing.
The Exchange also joins the ranks of exchanges like Coinbase, which are publicly listed on the US stock market.
An IPO allows institutional and retail investors to move liquidity into the crypto market, strengthening it and increasing its adoption.
IPO Details Remain Confidential
The details of the proposed IPO by Gemini remain confidential, creating room for wild speculations.
The move capitalizes on the Trump administration’s pro-crypto mantra and drive to make the United States the Crypto Capital of the World.
Gemini’s IPO would mark another milestone in crypto’s mainstream acceptance and another win for collaboration between Traditional Finance and the Cryptocurrency Sector.
Gemini’s Valuation and Fund Raising History
In 2014, Gemini carved a niche as a highly regulated platform for trading and storing digital assets like Bitcoin and Ethereum.
The exchange’s IPO ambitions follow a $400 million funding round in 2021, valued at $7.1 billion. They also follow the resolution of legal hurdles, including a $5 million settlement with the Commodity Futures Trading Commission in February 2025.
Gemini also got in trouble with the US Securities and Exchange Commission.
The U.S. Securities and Exchange Commission just concluded its probe into Gemini, clearing a key regulatory obstacle.
Gemini’s IPO interest aligns with a broader wave of crypto IPO interest, with rivals like Kraken targeting a 2026 debut and Coinbase’s 2021 listing setting a $100 billion valuation precedent.
