Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has submitted a confidential IPO filing with the US Securities and Exchange Commission (SEC). The confidential draft registration statement was filed on SEC Form S-1, keeping sensitive information private until public disclosure. This move comes as investor confidence has revived amid reduced uncertainty from trade wars. Although the number of shares and their price range are yet to be determined, no date for the IPO has been announced. Gemini has faced challenges since its 2021 funding round, which valued the company at $7.1 billion, and has laid off some employees during recent market downturns. The filing is timely, following the recent IPO success of Circle and the notable rise in CoreWeave's stock price. The momentum in IPOs in the crypto space suggests a growing optimism among investors and a renewed interest in cryptocurrency investments.

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