Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has filed with the SEC to initiate its initial public offering (IPO) and plans to list on the Nasdaq under the ticker GEMI. The specifics regarding the number of shares and pricing are yet to be announced, along with a timeline for the IPO. This announcement follows a strong IPO performance in the crypto sector, notably by Circle, which saw its share price triple after debuting. The regulatory scene has improved, particularly since recent changes in the U.S. government's posture towards cryptocurrency. Major financial firms including Goldman Sachs and Morgan Stanley will underwrite the offering, illustrating significant interest in the digital asset space. The crypto market continues to show vibrancy, with companies like Bullish also experiencing surges in their stock prices upon going public, indicating a robust appetite for crypto-related IPOs in the current market climate.

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