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Billionaire Winklevoss Twins-Backed Crypto Exchange Gemini Looking to Go Public: Bloomberg
The exchange looking at IPO listing as soon as this year, the report said.
What to know:
Crypto exchange Gemini, backed by billionaire Winklevoss twins, is weighing an initial public offering (IPO) listing, Bloomberg said citing people familiar.
Gemini is in talks with potential advisers for the listing, and it could come as soon as this year, Bloomberg reported, noting no final decisions have been made.
The news of a potential IPO comes as sentiment in the crypto market has been buoyed by President Donald Trump's promise to create a more friendly environment for the digital assets sector.
Most recently, Bullish Global, the parent company of CoinDesk, was reported to have hired Jefferies to evaluate a potential IPO this year. Other crypto firms, such as Circle and Kraken, have also been reported to be weighing public listings.
Aoyon Ashraf
Aoyon Ashraf is CoinDesk's managing editor for Breaking News. He spent almost a decade at Bloomberg covering equities, commodities and tech. Prior to that, he spent several years on the sellside, financing small-cap companies. Aoyon graduated from University of Toronto with a degree in mining engineering. He holds ETH and BTC, as well as ALGO, ADA, SOL, OP and some other altcoins which are below CoinDesk's disclosure threshold of $1,000.
