Gemini Space Station, Inc., a well -established cryptocurrency exchange of Winklevoss Brothers, has applied for a confidential offering (IPO) with the US Securities and Exchange Commission (SEC). According to a June 6, 2025 announcement, Gemini submitted a draft registration statement with the SEC to provide class A common stock.
However, since the submission of twin seats was confident, the details of the number of ordinary shares to be sold are unknown. In addition, Gemini IPO is expected to proceed after the SEC completes the review process.
Gemini IPO checks the encryption season
The submission of Gemini IPO recently caused $ 5 million in an agreement on the encryption exchange, following a legal agreement with the Commodity Future Trading Commission (CFTC). The US SEC also closed a survey of Gemini and convinced the company’s trust in IPO.
Gemini IPO has recently recently had a market cap of about $ 15 billion. It matches (NYSE: CRCL). Wall Street is expected to be more encrypted IPO in the next few quarters, hoping for Krake, rollish and bitgo exchange soon.
Market impact
In the past, notable submission of IPOs by encryption -related companies strengthened the adoption of mainstream of blockchain technology and digital assets. The US SEC is likely to approve the Gemini IPO, especially after the recent movement of Circle Deal, more encryption -related companies will move in the same direction.
As a result, it is safe to assume that more encryption bull market will occur in the next few years, promoted by institutional cash and clear encryption regulatory framework.