Gemini Guns for Wall Street Glory with US IPO Filing

Crypto's golden child makes its move—Gemini just filed paperwork to go public in the US. Because nothing says 'legitimacy' like letting hedge funds pick your bones clean.

The Winklevoss twins' exchange is betting big on Main Street's appetite for crypto volatility. Will this IPO pop or flop? Only the SEC and meme-stock traders hold the cards now.

One thing's certain: Wall Street's about to get a crash course in 'number go up' technology. Buckle up.

Gemini’s New IPO Explained

Gemini, a centralized crypto exchange founded by the Winklevoss twins, hasn’t been on the crypto industry’s radar for IPOs. However, after Circle’s recent IPO proved to be an overwhelming success, the exchange is joining the trend. According to a press release from Gemini, the firm filed to launch its own:

Still, this Gemini IPO is not necessarily a huge surprise; the firm teased such a development for months. At the recent Bitcoin Conference, Cameron Winklevoss described bold plans for his firm and the crypto industry as a whole. An IPO would certainly fit the bill. Nonetheless, some influential community members wonder if this is oversaturating the market:

“Oh boy, here comes the next one already. So we have bitcoin Treasury companies and IPOs this cycle. Doubt Gemini is a good investment, but neither is Circle, and look what they’re valued at. Bubble forming,” WhalePanda claimed via social media.

In other words, some KOLs believe that Gemini’s IPO might represent a market top indicator. The firm has made some advancements recently, but an IPO doesn’t necessarily signal strong fundamentals. Whatever happens, it’s still in the early stages.