Hassan Maishera
TL;DR
-
Gemini, the crypto exchange owned by the Winklevoss twins, is considering an IPO before the end of the year.
-
Sources close to the matter said the company is yet to reach a definitive conclusion on the plan.
Gemini Could Go Public this Year
Tyler and Cameron Winklevoss's crypto exchange Gemini is mulling the option of an initial public offering (IPO) before the end of the year. Bloomberg reported this latest development, citing sources close to the matter.
According to the report, the IPO could happen later this year, but Gemini is yet to reach a definitive conclusion on the matter. This latest development comes as President Donald Trump amplifies his efforts to make the United States the world capital of AI and cryptocurrency.
The SEC and other regulatory agencies are also working to create clearer crypto regulatory frameworks for the industry. These moves could see more crypto companies go public in a bid to attract more investors.
Gemini is the second crypto exchange to consider an IPO this year. In its report earlier this year, Bloomberg revealed that Peter Thiel-backed crypto exchange Bullish, is mulling an initial public offering.
Bullish Global is a subsidiary of Block.one and develops financial services for the digital assets sector and operates a cryptocurrency trading platform. Coinbase is currently the only major cryptocurrency exchange currently listed on the stock exchange in the United States.
However, with pro-crypto regulation on the horizon, more crypto exchanges could go public in the coming months and years.
