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Gemini Files Secret IPO Application – New Hope for Crypto!
Crypto News: Gemini Files Confidential IPO with SEC Inspired by Circle's IPO Success.
Gemini Files Secret IPO Application – New Hope for Crypto!
Crypto exchange Gemini filed a confidential IPO application with the U.S. Securities and Exchange Commission on June 6, 2025. No details regarding the number and price of shares to be offered have been disclosed in this filing, which is based on SEC Form S-1. The date for the planned IPO also remains unclear.
This development follows the successful IPO of stablecoin company Circle on June 5, where shares shot up 168% on the first day of trading. The following day they gained another 32.2%. This achievement has attracted interest from other crypto firms, including Gemini.
Background and challenges
Founded in 2014 by Cameron and Tyler Winklevoss, Gemini has a strong focus on security and regulatory compliance. In November 2021, the company raised $400 million in capital at a valuation of $7.1 billion. Still, the stock market faced significant challenges during the “crypto winter,” resulting in job losses. As of November 2022, Gemini still had around 1,000 employees, but had to lay off some of them.
Another obstacle was an SEC indictment against Gemini in January 2023 related to the company's "earn" program, which involved offering unregistered securities. Despite these difficulties, investor interest in the crypto sector remains strong. In fact, Bitcoin recently surpassed $105,000, further increasing confidence in the market.
Political connections of the Winklevoss twins
The Winklevoss twins are not only prominent entrepreneurs in the crypto industry, but also have significant political connections. They had each contributed $1 million to support President Donald Trump's campaign, but that money was later refunded due to contribution limits. Their influence in the crypto community, coupled with recent developments, could encourage other investors such as ARK Investment and BlackRock to consider similar moves.
The company has the opportunity to gain traction in a challenging macroeconomic and geopolitical environment. Final details of Gemini's offering will depend on SEC approval and prevailing market conditions. The Winklevoss twins have not yet publicly commented on their IPO offering, but the general mood in the industry remains optimistic.
For more information about Gemini's IPO, visit BTC ECHO and CoinGabbar.