Gemini, a cryptocurrency exchange based in New York, has announced its plans to go public, filing a draft registration statement with the SEC for an initial public offering (IPO). This news comes just a day after Circle, the issuer of the USDC stablecoin, had a successful debut on the New York Stock Exchange. Circle's stock, CRCL, has had impressive growth since its IPO, reaching a peak of $123.51, nearly quadrupling its opening price of $31. The twins who founded Gemini, Cameron and Tyler Winklevoss, are well-known in the crypto space, partly due to their history with Facebook. This latest move signals increasing institutional interest in the crypto market, especially under a more favorable regulatory environment. Several other cryptocurrency companies are also looking to capitalize on this momentum and follow in the footsteps of Coinbase, which successfully went public in 2021.

Source đź”—