Catenaa, Monday, February 10, 2025 – Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, is considering going public this year, Bloomberg reported.
The company has begun discussions with potential advisors about a stock market listing, though no final decision has been made, the report said.
Gemini’s IPO considerations follow a surge in public listings among crypto firms after Donald Trump’s election victory, with many betting on a more favorable regulatory environment. Circle, the issuer of the USDC stablecoin, has already filed for an initial public offering, while Animoca Brands is expected to follow suit.
Meanwhile, industry giants Ripple and Tether have not indicated whether they plan to go public.
The Winklevoss twins, known for their early Bitcoin investments, have been vocal supporters of Trump. Each donated $1 million to his campaign, citing his pro-crypto stance. They also criticized the Biden administration for its regulatory crackdown on the sector.
In protest against former SEC Chair Gary Gensler, Gemini recently announced it would no longer hire graduates from the Massachusetts Institute of Technology unless the university removes him from his teaching position.
Gemini previously considered an IPO in 2021 but ultimately decided against it.
