Gemini Considers IPO

Tyler and Cameron Winklevoss’s crypto exchange, Gemini, is reportedly considering an initial public offering (IPO), as per Bloomberg’s sources.

The potential IPO may occur this year; however, no definitive conclusion has been reached yet.

This move aligns with President Donald Trump’s ambition to position the U.S. as the “world capital of artificial intelligence and crypto” during his second term. Crypto-friendly regulators like Hester Peirce and Mark Uyeda at the SEC are also pushing for clearer regulatory frameworks for the crypto industry.

The announcement follows rival exchange Bullish’s recent contemplation of going public after earlier canceling a SPAC merger plan in 2021. Apart from the Bitcoin mining sector, few crypto-centric companies have successfully gone public since Coinbase’s direct listing in April 2021. Stablecoin firm Circle, which also scrapped its SPAC merger plans, is now looking to go public again.

In January, Gemini added three senior executives to lead its European expansion set for 2025. In November 2024, the exchange received a Virtual Asset Service Provider (VASP) license in France, enabling it to offer crypto services throughout the EU, according to The Block.

In January, Gemini recorded a spot market volume of $5.88 billion, reflecting a 6.92% decrease from the previous month, as per The Block’s Data Dashboard.