Catenaa, Monday, June 09, 2025-Crypto exchange Gemini has confidentially filed a draft registration with the US Securities and Exchange Commission (SEC) for an Initial Public Offering, the company announced Friday (06), signaling its intent to join a growing list of crypto firms pursuing public listings amid shifting regulatory tides.
Founded by Cameron and Tyler Winklevoss, Gemini did not disclose the number of shares to be offered or the expected price range, stating that the IPO would move forward once the SEC’s review process is completed and subject to broader market conditions.
The filing follows Circle’s IPO debut earlier this week and comes as rival exchange Kraken reportedly prepares its own public offering.
The flurry of IPO activity reflects renewed optimism in the sector following policy shifts under President Donald Trump, who has pledged to make the US a global capital for cryptocurrency innovation.
Trump’s administration has installed crypto-friendly leadership across regulatory agencies, reversing the hostile posture of the previous White House.
Gemini had previously faced regulatory friction with the SEC, which sued the firm in 2023 over unregistered securities linked to its Gemini Earn program.
In April, Gemini and the SEC jointly filed to explore a potential settlement.
Gemini’s IPO would mark a significant milestone in legitimizing crypto infrastructure within US capital markets and could influence upcoming listings in the sector.
