Gemini Explores Potential IPO Amid Regulatory Shifts and Global Expansion

Gemini is exploring the possibility of going public, with an IPO potentially happening later this year.

Although no final decision has been made, discussions with advisors are underway. The exchange, however, has not commented on the matter yet.

This move comes as more cryptocurrency companies are eyeing IPOs, fueled by a favorable political environment under the Trump administration’s pro-crypto policies. The Winklevoss twins, founders of Gemini, recently made headlines for donating Bitcoin to Trump’s campaign, further aligning themselves with this political shift.

Alongside Gemini, other crypto firms such as Bullish Global, backed by investor Peter Thiel, are considering their own public offerings.

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Gemini’s IPO discussions follow a period of regulatory turbulence. The exchange recently settled a lawsuit with the CFTC, agreeing to pay a $5 million fine. This was part of a broader legal effort after being accused of misleading regulators over its Bitcoin futures contract.

Meanwhile, Gemini is shifting its focus internationally. While pulling out of the Canadian market due to regulatory challenges, it has expanded operations in Singapore, securing a license to offer digital payment services, capitalizing on the region’s crypto-friendly regulatory environment.

Source

Deyan Angelov

Active crypto trader who also follows news related to stocks, the S&P 500, and gold. Deyan enjoys staying physically active, trains regularly, and practices calisthenics. He also likes reading sci-fi books when he has the time.