The Winklevoss brothers are reportedly considering an initial public offering (IPO) for their cryptocurrency exchange, Gemini, after previously deciding against a public listing in 2021. According to a February 6 report from Bloomberg, they are in discussions with potential advisers regarding the listing, though no final decisions have been made. In January 2021, the Winklevoss brothers had indicated they were open to the idea of an IPO, stating they were monitoring the market. Additionally, Gemini had explored a merger with a now-bankrupt firm that could have positioned it to compete with major players like Coinbase and FTX, but ultimately chose to withdraw from that proposal. The potential IPO discussions coincide with predictions from Bitwise that several crypto unicorns might seek public listings this year, including Circle, Figure, and Kraken. Gemini has dealt with regulatory challenges, including settling a lawsuit with the US commodities regulator and incurring penalties for compliance issues.

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