- Gemini crypto exchange filed for an IPO confidentially with Goldman Sachs and Citigroup.
- The US SEC recently announced its decision to end the investigation into Gemini.
One of the top crypto exchange platforms, Gemini, has confidentially filed for an IPO with Goldman Sachs Group Inc. and Citigroup Inc. The firm is reportedly considering going public this year. Even though the exchange moved forward with the IPO filing, no final decision has yet been made.
As per the latest Bloomberg report, crypto billionaires Winklevoss twins-backed Gemini has filed for an IPO. Bloomberg cited that people familiar with the matter revealed this news. The crypto exchange is working with Goldman Sachs Group and Citigroup Inc. on the initial public offering.
The exchange seems to be keen on going public by the end of this year. However, Gemini listing will take place after the closing of a US SEC investigation into the exchange. On the other hand, the exchange paid around $5 million to end a CFTC lawsuit earlier this year.
Crypto Firms are Lining Up for IPOs Under US Crypto-Friendly Environment
Gemini added to the growing list of crypto firms that are filing for IPOs. Kraken, Circle, Bullish, and Blockchain.com are a few companies that are considering public listing in recent times. Kraken, another leading crypto exchange, is planning to list by Q1 2026.
Even though Gemini filed for an IPO, no final decision has been made yet. Maybe that could also be the reason behind its confidentiality. Representatives from Goldman Sachs and Citigroup Inc., and a spokesperson from Gemini declined to comment on this latest news.
Winklevoss Twins attended the White House Crypto Summit yesterday, along with a few other executives and industry leaders. With real action towards creating a Bitcoin strategic reserve, Trump’s administration has already brought a huge shift to the crypto industry.
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Source: https://thenewscrypto.com/winklevoss-twins-backed-gemini-confidentially-files-for-an-ipo/