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The Gemini exchange is considering an IPO for 2025
By Daniele Corno
The Winklevoss twins are considering an IPO (Initial Public Offering) in 2025 for their crypto exchange Gemini
Is Gemini going public?
The crypto exchange Gemini, owned by the Winklevoss brothers, is considering a possible IPO (Initial Public Offering) for the company.
*WINKLEVOSS TWINS’ CRYPTO EXCHANGE GEMINI IS SAID TO WEIGH IPO pic.twitter.com/TZen7NyFVg
— Investing.com (@Investingcom) February 7, 2025
According to Bloomberg, the IPO (Initial Public Offering) could become a reality as early as 2025, although a final agreement has not yet been reached. However, this is not the first time that the exchange has considered an IPO. In 2021, the company had in fact considered an IPO, which it subsequently abandoned without making an official announcement.
Gemini is one of the most highly regulated exchanges in the United States. It is registered with the New York Department of Financial Services (NYDFS), offers insurance on USD funds through the Federal Deposit Insurance Corporation (FDIC) and private insurance for crypto funds held in custody on the platform.
The platform is also one of the custodians of some Bitcoin spot ETFs, such as VanEck’s HOLD and Monochrome Asset Management’s IBTC.
Clear rules for the sector and benefits for companies
The IPO evaluation by the Winklevoss brothers highlights the work on regulations within the sector.
TRUMP‘s intention to make the United States the “capital of the world of artificial intelligence and crypto” is showing the first benefits. Firstly, the change in modus operandi by the SEC favors new developments by companies that, until now, have kept their foot on the brake.
In addition to expansion in the USA, the company is also expanding in Europe, with new licenses such as the Virtual Asset Service Provider (VASP) in France and the hiring of three senior managers to follow developments.
However, the market shares are still negligible, with a monthly volume in January of almost $5.9 billion. This is less than 0.25% of the entire market share.
