Winklevoss Twins’ Gemini Crypto Exchange Takes Major Step Toward IPO with Confidential Filing

Gemini, the crypto exchange founded by billionaire twins Cameron and Tyler Winklevoss, has quietly filed for an initial public offering. Sources familiar with the matter reveal that the company is laying the groundwork for a potential market debut, collaborating with financial giants Goldman Sachs Group Inc. and Citigroup Inc. to navigate the process.

While the filing remains confidential and deliberations are ongoing, this move signals Gemini’s ambition to capitalize on the growing mainstream acceptance of digital assets. The company could aim to go public as early as this year according to Bloomberg, though no final decisions have been confirmed.

Gemini’s IPO preparations come on the heels of notable regulatory resolutions. Earlier this year, Cameron Winklevoss said that the U.S. Securities and Exchange Commission had concluded its investigation into the exchange. Additionally, a January filing disclosed that Gemini settled a lawsuit with the Commodity Futures Trading Commission for $5 million.

These developments appear to have cleared the path for the firm to pursue a listing, aligning with a broader wave of optimism in the crypto sector. The timing feels particularly strategic, given the Trump administration’s recent embrace of digital currencies, which has sparked renewed interest in crypto-related IPOs.

A High-Profile Journey from Social Media to Crypto Pioneers

The Winklevoss twins, known for their early legal battle with Facebook’s Mark Zuckerberg over the origins of the social network, have long been prominent figures in both tech and finance. Their journey into cryptocurrency began with Gemini’s founding in 2014, and the platform has since grown into a respected player in the exchange and custody space.

Employing over 500 people across offices in New York, Seattle, Singapore, London, and Dublin, Gemini has built a global footprint that underscores its operational scale. The twins’ personal investment in the crypto movement extends beyond business, as evidenced by their donations of Bitcoin to Donald Trump’s campaign—contributions that exceeded legal limits and prompted refunds of the excess.

Friday marked another milestone for the duo when they joined roughly 30 crypto executives and agency heads at the White House’s Crypto Summit. The event highlighted the administration’s pro-crypto stance, exemplified by Trump’s Thursday announcement of plans to establish a Bitcoin national reserve.

This initiative, alongside intentions to stockpile forfeited digital tokens, reflects a bold vision for integrating cryptocurrency into the national economy. For Gemini, the summit offered a high-profile stage to showcase its relevance amid this policy shift. While representatives from Goldman Sachs, Citigroup, and Gemini itself have remained tight-lipped about the IPO filing, the confluence of regulatory clarity, political support, and market momentum paints an intriguing picture for the company’s future.