Gemini, a New York-based cryptocurrency exchange, has announced it has filed a draft registration statement on Form S-1 with the SEC to go public. This move comes just a day after Circle, the issuer of USDC, had a successful IPO, with its shares skyrocketing almost fourfold on their opening day. The Winklevoss twins, founders of Gemini, are known for their significant investments in Bitcoin and their involvement in social media history through their connection to Facebook. The optimistic IPO performance of Circle reflects a growing investor interest in cryptocurrency, especially amid a favorable regulatory environment under the current administration. Gemini aims to capitalize on this momentum by entering the public market, similar to Coinbase's prior success, indicating a burgeoning wave of crypto companies seeking public offerings amid increasing legitimization of the industry and interest from institutional investors.

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