Cryptocurrency exchange Gemini filed a draft statement for an initial public offering on Friday, signaling growing momentum among crypto firms seeking to go public in the United States.
The firm, founded by Cameron and Tyler Winklevoss, said it had “confidentially submitted a draft registration statement” with the U.S. Securities and Exchange Commission tied to a proposed IPO of its Class A common stock.
“The number of shares of Class A common stock to be offered and the price range for the proposed offering have not yet been determined,” according to a statement from Gemini. “The initial public offering is expected to occur after the SEC completes its review process, subject to market and other conditions.”
Gemini’s move comes after stablecoin Circle filed for an IPO in April and began trading this week. Crypto exchange Kraken is also reportedly looking to file for an IPO.
The crypto industry overall is experiencing a friendlier regulatory environment since President Donald Trump took office in January. Since Trump has vowed to make the U.S. the “crypto capital” and has appointed crypto-friendly regulators to key federal agencies, including at the SEC.
Gemini was founded by Cameron and Tyler Winklevoss, both of whom have been supporters of Trump and donated millions worth of bitcoin to the president during his campaign.
The SEC, under the previous administration, sued Gemini in 2023 for allegedly offering unregistered securities through its Gemini Earn program. Later in April 2025, the SEC and Gemini filed a joint motion to seek a “potential resolution.”
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
