Gemini considers 2025 IPO
Gemini considers 2025 IPO
Crypto exchange Gemini, founded by Tyler and Cameron Winklevoss, is reportedly considering an initial public offering (IPO), according to sources. While the firm has not yet reached a final decision, the IPO could take place as early as this year.
Key Takeaways
- Gemini is considering an IPO in 2025 but has not made a final decision.
- The move follows Trump's pro-crypto stance and SEC efforts toward clearer regulations.
- Rival exchange Bullish is also exploring going public, while Circle may revive its IPO plans.
- Gemini's spot trading volume fell 6.92% in January, despite its European expansion efforts.
Gemini's move comes as former President Donald Trump has pledged to make the U.S. a global hub for both artificial intelligence and cryptocurrency in his potential second term. Meanwhile, SEC Commissioners Hester Peirce and Mark Uyeda are working toward clearer regulatory frameworks for the industry, reports Bloomberg.
Industry trends and competition
The news follows similar developments from rival exchange Bullish, which recently signaled plans to go public after canceling a SPAC merger in 2021. While the Bitcoin mining sector has seen several companies go public, few crypto-native firms have followed since Coinbase’s direct listing in 2021. Stablecoin issuer Circle also abandoned its SPAC merger plans but is reportedly reconsidering an IPO.
Gemini has been expanding its presence in Europe, securing a Virtual Asset Service Provider (VASP) license in France in late 2024, allowing it to operate across the EU. Additionally, the company onboarded three senior executives in January to oversee its European growth strategy for 2025.
Loading...
Despite its expansion efforts, Gemini saw a slight decline in trading activity, recording $5.88 billion in spot market volume in January—down 6.92% from the previous month.
Exchange normalized trade volume. Source: CoinGecko.
With shifting regulations and increasing competition, a potential IPO could provide Gemini with the capital needed to solidify its market position. Investors will be watching closely for further developments.
