Crypto exchange Gemini weighing IPO: report

• Gemini is reportedly considering an initial public offering.
• Bloomberg reports that the Winklevoss twins’ company is in talks with potential advisors.

Gemini, the cryptocurrency exchange backed by billionaire Winklevoss twins Tyler and Cameron, is reportedly considering an initial public offering in the US.

Per a Bloomberg report on Feb. 6, Gemini is looking to go the IPO way as soon as this year. The publication cited details shared by unnamed people reportedly familiar with the development.

Gemini, the cryptocurrency firm backed by the billionaire Winklevoss twins, is considering an IPO as soon as this year https://t.co/ddLeiC9FeS

— Bloomberg Markets (@markets) February 6, 2025

Gemini, among the first cryptocurrency exchanges in the world, is currently in consultation with potential advisors concerning the potential IPO.

According to Bloomberg, the public listing is still a matter under discussion and no decision has been reached yet.

However, this report aligns with similar developments in the recent months, with several crypto companies said to eye potential IPOs. This includes stablecoin issuer Circle, trading platform eToro, crypto exchange Kraken and Bullish Global.

Many more could follow, with momentum likely to gather pace amid the notably pro-crypto Donald Trump administration.