The ever-evolving landscape of finance has seen a surge in digital currencies, and this has triggered a shift in the approaches adopted by major players in the finance industry. One such example is the shift witnessed within the crypto trading platform sector. The United States, notable for its increasingly crypto-friendly climate, is now home to several important developments within this sphere. A prime example is Gemini, a popular cryptocurrency exchange, which, according to a Bloomberg report, has confidentially filed for an initial public offering (IPO). This significant stride follows similar plans by Kraken, another exchange, eyeing a public market debut in early 2026.
Gemini’s Confidential Filing for Stock Market Entry
Bloomberg’s report on March 7 detailed that Gemini has completed confidential fillings signaling a possible invitation for IPO investments. Inside sources report that Gemini, the brainchild of billionaire twins Tyler and Cameron Winklevoss, has roped in executives from financial giants Goldman Sachs and Citigroup for the potential offering.
The successful advancement of Gemini’s IPO would be another milestone in the crypto industry’s integration and acceptance journey within the US. The current US administration, led by President Donald Trump, is markedly pro-crypto – a stark contrast to the hostile regulatory stance of previous administrations. The US is now working towards establishing a Strategic Bitcoin Reserve and Digital Asset Stockpile under Trump’s leadership, while the SEC appears to be relaxing its regulatory grip on the crypto industry. This is evident from its recent dismissal of lawsuits against industry bigwigs like Coinbase, Robinhood, Consensys, and Gemini among others, the latter which had earlier faced charges for offering unregistered securities through its “Earn” program in partnership with the now-bankrupt crypto lending company Genesis.
Kraken Setting Sights on 2026 Market Entry
Gemini isn’t alone in its endeavours, with Kraken (officially known as Payward Inc.) reportedly preparing for a potential IPO launch in Q1 2026. A spokesperson from Kraken appears to echo these sentiments – ‘We’ll pursue public markets as it makes sense for our clients, our partners, and shareholders.’ Other industry players said to be weighing the prospects of an IPO under the new crypto-friendly Trump administration include Bullish, digital asset trust BitGo, and stablecoin operator Circle. If successful, these IPOs would follow in the footsteps of Coinbase, which saw a groundbreaking listing in 2021 that skyrocketed its valuation to nearly $100 billion.
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FAQ
Q: What is Gemini’s plan for IPO?
A: Gemini, a popular cryptocurrency exchange, has been reported to have privately filed for an IPO, indicating its intention to invite investments.
Q: How does the current US administration view the crypto industry?
A: The administration led by US President Donald Trump has expressed a pro-crypto stance, marking a departure from the perceived hostility of past administrations.
Q: Who are some other crypto firms considering an IPO?
A: Other crypto firms reportedly considering an IPO include Kraken, Bullish, BitGo, and Circle.
Q: What was Coinbase’s IPO accomplishment?
A: Coinbase achieved a groundbreaking listing in 2021, increasing its valuation to nearly $100 billion.
