Gemini, the New York-based cryptocurrency exchange, announced it has confidentially filed a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) to go public. This announcement coincides with Circle's impressive IPO on the New York Stock Exchange, where its shares (CRCL) quadrupled in value compared to the original offering price. Gemini, operated by billionaire twins Cameron and Tyler Winklevoss, has been speculated to pursue an IPO since early 2025, seeking to capitalize on the improved regulatory environment for cryptocurrency amidst a more favorable administration. The Winklevoss twins are well-known for their early investment in Bitcoin, which significantly increased their wealth. The filing reflects a growing trend among crypto companies, including Coinbase, aiming to take advantage of favorable market conditions and regulatory clarity.

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