Billionaire Winklevoss Twins-Backed Crypto Exchange Gemini Looking to Go Public: Bloomberg

Billionaire Winklevoss Twins-Backed Crypto Exchange Gemini Looking to Go Public: Bloomberg

Winklevoss-Backed Crypto Exchange Gemini Explores IPO Amid Market Optimism

By Aoyon Ashraf
Updated: Feb. 6, 2025, 10:08 p.m. UTC

Crypto exchange Gemini, founded by billionaire twins Cameron and Tyler Winklevoss, is considering an initial public offering (IPO) as early as this year, according to a report from Bloomberg citing sources familiar with the matter.

Gemini in Talks for Potential Public Listing

The New York-based exchange is reportedly in discussions with financial advisers about a possible public listing, though no final decisions have been made. If it proceeds, Gemini would join a growing list of cryptocurrency firms eyeing the public markets amid renewed investor confidence in the sector.

Crypto IPO Interest on the Rise

The report comes as crypto sentiment has improved, fueled in part by President Donald Trump’s administration signaling a more favorable regulatory stance toward digital assets. Several other major crypto firms are also exploring IPOs, including:

• Bullish Global, the parent company of CoinDesk, which has reportedly hired Jefferies to assess its own potential listing.
• Circle, the issuer of USDC stablecoin, which has long been rumored to be considering a public debut.
• Kraken, one of the largest U.S.-based crypto exchanges, which has also been evaluating an IPO.

A Pivotal Moment for Crypto Exchanges

If Gemini moves forward with an IPO, it would mark a significant step for the firm, which has positioned itself as a regulated and compliance-focused crypto exchange. The company’s public debut could provide greater transparency into its financial health and business strategy, while also offering traditional investors a new entry point into the crypto sector.

With a shifting regulatory landscape and increasing institutional interest, Gemini’s potential IPO will be closely watched as an indicator of mainstream adoption and confidence in the crypto industry.