Crypto exchange Gemini announced on June 6, 2025, that it has filed a draft registration statement with the U.S. Securities and Exchange Commission (SEC) to go public. This announcement follows the successful initial public offering (IPO) by Circle, the issuer of the USDC stablecoin, which saw its stock price more than quadruple from its IPO price overnight. Gemini, founded by billionaire twins Cameron and Tyler Winklevoss, aims to leverage the growing interest in cryptocurrency following recent market movements and favorable regulatory environments. The company's IPO filing is seen as a significant step for the crypto market, especially after Circle's performance indicated strong investor appetite. Since Coinbase's 2021 debut, there's been increased momentum in the sector, reflective of a crypto-friendly administration and emerging market opportunities.

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