
MINE.exchange NEWS
February 7, 2025 at 10:42 AM
💼⚙ Crypto Exchange Gemini Prepares for IPO in 2025
The cryptocurrency platform Gemini, founded by the Winklevoss brothers, is considering going public in 2025. According to Bloomberg, the company’s leadership is in talks with potential advisors, but no final decision has been made yet. At the same time, Bitpanda and Bullish Global are also planning IPOs: the former is considering the Frankfurt Stock Exchange, while the latter has been targeting NYSE since 2021 🏦.
The acceleration of crypto companies' IPO plans may be linked to the election of Donald Trump as President of the United States. The politician is known for supporting the crypto industry, and the Winklevoss brothers even donated over 30 BTC to his campaign. However, despite the promising outlook, Gemini has faced challenges: in 2024, the exchange paid out $2.18 billion to clients due to the bankruptcy of Genesis Global Capital and later allocated an additional $50 million 💰.
Moreover, as of December 31, 2024, Gemini has exited the Canadian market, which may be part of its strategy ahead of the IPO. While no final decisions have been made, the growing interest of crypto firms in public offerings indicates a renewed confidence in the digital asset market 📊.
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