Gemini Charges Toward Wall Street: Crypto Exchange Files for IPO Hot on Heels of Circle’s NYSE Debut

Another crypto heavyweight is punching its ticket to the big leagues. Gemini—the Winklevoss twins' brainchild—just filed paperwork to go public, barely a month after Circle’s market debut had traditional finance types clutching their pearls.

Wall Street’s love-hate affair with crypto deepens. First came the ETFs, then the Coinbase listing, now back-to-back exchange IPOs. Funny how institutional skepticism melts when there’s a 10-K to be filed.

This isn’t your 2017-era crypto wild west. Regulators will dissect Gemini’s books like a frog in biology class—especially after the SEC’s recent bloodletting of Kraken. But with Bitcoin hovering near all-time highs and BlackRock’s ETF sucking up coins like a vacuum, the timing couldn’t be savvier.

One question lingers: When the music stops, which exchange will be left holding the bag—and how many ‘accredited investors’ will pretend they saw it coming?