- The decision followed regulatory relief, including the SEC ending its probe into Gemini without taking action.
- The easing of regulatory pressure has encouraged other crypto firms, including Kraken, Circle, Bullish, and Blockchain.com, to explore IPOs.
After years of regulatory uncertainty, crypto exchange Gemini is taking a step toward going public. The platform, founded by Cameron and Tyler Winklevoss, has confidentially filed for an initial public offering (IPO) in the United States, according to Bloomberg.
The decision followed a period of regulatory relief, including the Securities and Exchange Commission (SEC) ending its probe into the firm. With Goldman Sachs and Citigroup reportedly advising on the process, Gemini is positioning itself among a growing list of crypto companies seeking public market access.
The IPO filing is pivotal for Gemini. In February, Cameron Winklevoss announced that the SEC had concluded its investigation without taking action. This decision, coupled with Gemini’s $5 million settlement of a separate lawsuit with the Commodity Futures Trading Commission (CFTC), has seemingly cleared a path for the company’s public ambitions.
This shift in the regulatory climate has encouraged other major crypto firms to explore IPOs. Kraken, Circle, Bullish, and Blockchain.com are all reportedly considering public listings as the SEC appears to be easing its aggressive stance on litigation.
See Related: Binance U.S. On Route For An IPO
Wall Street’s Role in Crypto’s Public Market Expansion
Gemini’s choice of financial partners suggests a serious commitment to navigating Wall Street’s complexities. Goldman Sachs and Citigroup bring significant expertise in public offerings, particularly in high-growth technology and financial sectors.
Their involvement signals confidence that institutional investors may be more receptive to crypto-focused businesses than in previous years. Gemini is not alone in its bid to enter the public markets. Bloomberg recently reported that Kraken is considering an IPO by early 2026, while Circle, Bullish, and Blockchain.com are also preparing for potential listings.
The easing of regulatory pressure and a growing appetite from traditional financial institutions may create a favorable environment for these firms. As regulatory battles subside, the focus may shift toward mainstream adoption, institutional investment, and the long-term viability of digital asset platforms in traditional financial markets.
