Gemini, a New York-based cryptocurrency exchange, announced on June 6, 2025, that it has filed paperwork with the SEC for a public offering. The company confidentially submitted a draft registration statement on Form S-1 to facilitate this IPO. Gemini's announcement came just a day after Circle, the issuer of USDC, saw a very successful debut on the New York Stock Exchange, with its stock price rising significantly. The Winklevoss twins, known for their early investment in Bitcoin and their involvement in the creation of Facebook, operate Gemini. In contrast to the strong IPO performance by Circle, which priced its shares significantly higher on its first trading day, Gemini aims to capitalize on the current crypto market momentum. The push for these public offerings highlights a growing trend among crypto companies seeking to establish themselves further in the financial landscape.

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