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Gemini reportedly in discussions for another IPO

Monday 10 February 2025 11:13 CET | News

US-based cryptocurrency exchange Gemini has allegedly been considering an Initial Public Offering (IPO) as early as 2025. 

Just a little over four years since its first attempt at an IPO, Gemini’s co-founders, Tyler and Cameron Winklevoss, are allegedly taking into consideration an IPO, with the company discussing the move with potential advisers, as detailed by Bloomberg. However, at the time of writing, deliberations were in progress and no final decisions were made. Back in January 2021, Gemini was keeping an eye on the market, with the company having internal talks on whether it would have made sense to go further with the IPO. Additionally, at that time, Gemini reflected on whether forming a juggernaut merger with Digital Currency Group would be the right move but chose to leave the idea behind.

Gemini reportedly in discussions for another IPO

Gemini’s new IPO plans follow Bitwise’s predictions from a December 2024 report, when the crypto asset manager mentioned that at least five crypto unicorns would want a public listing in 2025, naming Circle, Figure, and Kraken as potential candidates.

What has Gemini been up to lately?

Gemini’s reported IPO discussions come just short of a month after the company selected Malta as the central hub for its operations under the Markets in Crypto-Assets (MiCA) framework. The move underlined Gemini’s focus on regulatory compliance and European growth in the ever-evolving cryptocurrency sector. The decision came after Gemini secured its Virtual Financial Assets (VFA) Service Licence in Malta in December 2024, which marked the sixth Virtual Asset Service Provider registration. By developing operations in Malta, Gemini intended to utilise the region’s environment, well known for being a hub for fintech and digital asset companies. Additionally, the initiative fell in line with Gemini’s commitment to advancing financial and digital asset freedom in Europe.

Source: Link


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Keywords: IPO, cryptocurrency, cryptocurrency exchange, crypto asset, digital assets
Categories: DeFi & Crypto & Web3
Companies: Gemini
Countries: United States
This article is part of category

DeFi & Crypto & Web3

Gemini

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