Gemini, a cryptocurrency exchange based in New York, announced its intention to go public by filing a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission. This move follows the successful market debut of Circle, the issuer of USDC, which saw its stock price quadruple just a day prior. The exchange, founded by billionaire twins Cameron and Tyler Winklevoss, is set to follow in the footsteps of Coinbase, aiming for a listing during a time of growing investor interest in the cryptocurrency sector. The filing suggests that Gemini is confident in navigating the evolving regulatory landscape, which has been tightening amid scrutiny of crypto assets. Their public offering is viewed as a significant step for the company and the industry at large, especially with a favorable political environment for cryptocurrencies currently. The strong performance of Circle's IPO indicates a potential for high valuation and interest for Gemini's planned public offering.

Source 🔗