Gemini Mulls IPO Amid Crypto Industry's Public Listing Surge
Gemini, the cryptocurrency exchange backed by the Winklevoss twins, is reportedly exploring an initial public offering (IPO) this year. Sources familiar with the matter have disclosed that Gemini is in discussions with potential advisors regarding a listing.
The potential IPO is part of a broader trend in the crypto industry, where companies are accelerating plans to go public. President Donald Trump's support for the sector has fueled bullish sentiment. Gemini joins the likes of Bullish Global, an exchange backed by Peter Thiel, which is also considering an IPO this year.
Gemini employs over 500 people worldwide and maintains offices in major cities. The firm has faced legal challenges, including a CFTC lawsuit that was settled for $5 million. Gemini also agreed to return funds to customers following the Genesis Global Capital bankruptcy.
The IPO deliberations are ongoing, and no definitive decisions have been made. A Gemini spokesperson declined to comment.