Cameron Winklevoss, co-founder and president of Gemini Trust Co., left, and Tyler Winklevoss, co-founder and chief executive officer of Gemini Trust Co., on stage during the Bitcoin 2025 conference in Las Vegas, Nevada, US, on Tuesday, May 27, 2025.
Bridget Bennett | Bloomberg | Getty Images
Gemini, the cryptocurrency exchange and custodian founded by Cameron and Tyler Winklevoss, has confidentially filed for an IPO in the U.S., according to a press release on Friday.
The number of shares and the pricing terms have not yet been decided upon, and the company said a listing “is expected to occur after the SEC completes its review process, subject to market and other conditions.”
By filing confidentially, Gemini can test investor appetite and prepare for a public debut without immediate scrutiny of its financials. The announcement comes after the SEC wrapped up its investigation into Gemini in February without recommending enforcement action, and follows a $5 million settlement with the Commodity Futures Trading Commission in January.
Gemini is the latest crypto firm to pursue a public listing as President Donald Trump’s administration pushes more favorable regulations for the industry, which heavily funded his campaign.
Stablecoin issuer Circle held a blockbuster debut this weekwith its stock soaring in its first two days on the market. Mike Novogratz’s Galaxy Digital moved its listing from Toronto to the Nasdaq last month.
Gemini, a cryptocurrency exchange and custodian, was founded by the Winklevoss twins in 2014. In March, the company named former Affirm executive Dan Chen as its CFO in preparation for a public offering.
“I’m looking forward to helping Gemini scale by driving financial strategy as the company enters its next phase of growth,” Chen wrote in a post on LinkedIn at the time.
WATCH: Gemini considering IPO
Be the first to comment