Gemini Crypto Exchange Now Exploring IPO Potential in 2025

2 mins mins

Key Points:

Gemini crypto exchange is exploring an IPO this year, though no final decision has been made.
The exchange settled a $5 million lawsuit with the CFTC and agreed to return $1.1 billion to customers in the Genesis Global Capital bankruptcy case.

Gemini, the cryptocurrency exchange backed by billionaires Cameron and Tyler Winklevoss, is exploring the possibility of going public as early as this year, according to Bloomberg.

Gemini Crypto Exchange Explores Potential IPO Amid Crypto Industry Shift

Discussions are reportedly underway with potential advisers regarding an initial public offering (IPO), though no final decision has been made.

The consideration of an IPO aligns with a broader trend of crypto firms seeking public listings, particularly following the election of former President Donald Trump, who has emerged as a key supporter of the industry.

The Winklevoss twins, known for their early legal battle with Facebook founder Mark Zuckerberg, have also been active political donors, contributing Bitcoin to Trump’s campaign beyond the permissible limit, which resulted in partial refunds.

Regulatory Challenges and Legal Settlements

Gemini crypto exchange operates globally, with more than 500 employees across offices in cities including New York, Seattle, Singapore, London, Dublin, and Gurgaon, India, as per its website.

The company has faced regulatory scrutiny in recent years. In January, it settled a lawsuit with the Commodity Futures Trading Commission (CFTC), agreeing to pay $5 million over allegations that it misled regulators during an attempt to launch the first U.S.-regulated Bitcoin futures contract. Gemini neither admitted nor denied liability in the settlement.

Additionally, the Gemini crypto exchange played a role in resolving the Genesis Global Capital bankruptcy case, agreeing last year to return at least $1.1 billion to customers as part of a settlement with New York regulators concerning its Gemini Earn program.

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