Gemini Space Station, Inc., a cryptocurrency exchange founded by the Winklevoss brothers, has confidentially filed for an Initial Public Offering (IPO) with the U.S. Securities and Exchange Commission (SEC). The announcement on June 6, 2025, revealed that Gemini submitted a draft registration statement in Form S-1 to offer its Class A common stock.
The exact number of shares of Class A common stock to be sold in the Gemini IPO remains undisclosed due to the confidential nature of the filing. The IPO is expected to proceed once the SEC completes its review.
The Gemini IPO comes after a recent legal settlement with the Commodity Futures Trading Commission (CFTC), resulting in a $5 million settlement. The SEC has also concluded its investigations on Gemini, paving the way for the cryptocurrency exchange to pursue an IPO.
Following the closure of Circle Internet Group Inc.’s IPO with a market cap of around $15 billion, more crypto IPOs are anticipated in the upcoming quarters. Wall Street is eyeing Kraken, Bullish, and BitGo exchanges for potential IPOs soon.
The increasing trend of crypto-related firms filing for IPOs underscores the growing acceptance of blockchain technology and digital assets in mainstream finance. Approval of the Gemini IPO by the SEC, especially after the Circle deal, is expected to encourage more companies in the crypto space to follow suit.
As a result, the stage is set for further crypto bull markets in the future, driven by institutional investments and clearer regulatory frameworks in the cryptocurrency industry.
Note: Investments carry market risks. Please invest carefully. We do not accept responsibility for any financial losses.
