Winklevoss Twins’ Gemini Quietly Preps for IPO as Crypto Market Heats Up

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Gemini, the crypto exchange founded by the Winklevoss twins, is gearing up to go public. The company filed confidential IPO paperwork with the SEC on June 6, signaling a potential market debut as investor optimism returns.

The filing, made under the SEC’s confidential S-1 process, keeps key details—like pricing and share count—under wraps for now. The move comes as fears over trade wars fade, boosting market sentiment.

Gemini, last valued at $7.1 billion in 2021, has had its share of drama, including SEC scrutiny over its “Earn” program and layoffs during the crypto downturn.