Story Highlights
- Gemini has confidentially filed for an initial public offering with Goldman Sachs and Citigroup.
- The SEC has concluded its investigation into Gemini, clearing a regulatory obstacle.
- More cryptocurrency firms, including Kraken and Circle, are preparing for public offerings.
Gemini, the cryptocurrency exchange co-founded by Winklevoss twins, has filed a confidential IPO with Goldman Sachs and Citigroup. Although the company plans to go public, a final decision has not yet been made. The move reflects that Gemini is keen to be part of the growing list of crypto firms that are listing on the stock exchange.
As reported by Bloomberg, sources with knowledge of the situation confirmed the IPO filing by Gemini, though the exchange itself has not put a concrete timeline in place. The proposed listing follows just days after the U.S. Securities and Exchange Commission (SEC) wrapped up its probe of Gemini, clearing one of the main regulatory obstacles. Also, back in February of this year, Gemini resolved a lawsuit with the Commodity Futures Trading Commission (CFTC) by issuing a $5 million penalty.
Gemini Heads for IPO With Goldman Sachs and Citigroup
The crypto industry is experiencing a wave of IPO interest as companies like Kraken, Circle, Bullish, and Blockchain.com explore public listings. Kraken, yet another big exchange, is planning to go public in Q1 2026. The U.S. regulatory environment has become increasingly friendly toward crypto firms, causing more industry players to consider IPOs.
Neither Gemini nor officials from Goldman Sachs and Citigroup have made any comments on the filing. The Winklevoss twins have, however, remained actively engaged in shaping crypto policy, and they recently joined industry leaders in attending the White House Crypto Summit. The meeting underscored the Trump administration’s effort to include Bitcoin in the country’s financial plan.
Gemini’s move would be the start of a wave of crypto firms looking for public listings. A successful IPO would be a powerful draw for investors and once underway, would again make digital assets a mainstream financial sector. While officials at Gemini, Goldman Sachs, and Citigroup have refused to comment, the potential listing indicates increasing institutional confidence in the new crypto world.
