Crypto Exchange and Custodian Gemini report that they have secretly applied for an initial public offering (IPO) by citing people familiar with the issue.
Founded by billionaires Cameron and Tyler Winclevos, the company is working with Goldman Sachs and Citigroup, the report said, and there was no final decision on the list.
A potential IPO comes after the US Securities and Exchange Commission (SEC) terminates its Gemini investigation without taking action, according to a February post from Cameron Winklevoss. The company also resolved another Commodity Futures Trading Commission lawsuit in January for $5 million.
Gemini is one of several crypto companies lined up to list companies in the US public market after the SEC conducted a full-scale litigation retreat in the first few months of the Trump administration.
Just today, Bloomberg reports that Crypto Exchange Kraken is considering an IPO by the first quarter of 2026, adding to reports that companies like Circle, Bullish (Coindesk’s parent company) and BlockChain.com are also looking forward to the US listing.
