Gemini, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, has filed with the SEC to go public. The firm intends to list on the Nasdaq Global Select Market under the ticker GEMI, but has not yet disclosed details about the number of shares or the expected price range. Lead bookrunners for the IPO include major banks such as Goldman Sachs and Citigroup. This announcement follows the strong initial public offering of Circle, a stablecoin issuer, which saw its share price more than triple shortly after listing. This trend reflects a growing appetite for crypto IPOs, exemplified by Bullish, which saw significant gains after its own public offering. The regulatory environment for cryptocurrency has improved recently, which could facilitate more such projects in the near future.

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