Crypto Exchange Gemini Confidentially Files for US IPO

Cryptocurrency exchange and custody firm Gemini has reportedly submitted confidential documents for an initial public offering (IPO) in the United States.

On the 7th (local time), Bloomberg reported, citing sources familiar with the matter, that "Gemini is pursuing an IPO in collaboration with Goldman Sachs and Citigroup." However, a final decision on the listing has not yet been made.

Gemini is a cryptocurrency company founded by billionaire twins Cameron and Tyler Winklevoss. This IPO pursuit appears to follow the U.S. Securities and Exchange Commission (SEC) concluding its investigation into Gemini without taking any significant action. Previously, Gemini reached a $5 million settlement with the U.S. Commodity Futures Trading Commission (CFTC) in a lawsuit in January.

Beyond Gemini, other U.S. cryptocurrency companies are also making moves toward public listings. Analysts suggest that cryptocurrency firms are exploring opportunities to enter the U.S. stock market as the SEC has withdrawn numerous lawsuits following the inauguration of the Trump administration.

Kraken is also reportedly pursuing an IPO in the first quarter of 2026. Additionally, Circle, the issuer of USD Coin (USDC), Bullish, the parent company of CoinDesk, and Blockchain.com are all reportedly preparing for U.S. listings.