Gemini’s 2025 IPO? Winklevoss Twins Bet on Trump’s Crypto-Friendly Agenda

Gemini Crypto Firm Explores IPO This Year Amid Regulatory Challenges

Gemini, the well-known cryptocurrency exchange founded by the Winklevoss twins, is in discussions about going public through an Initial Public Offering (IPO).

According to sources familiar with the matter, the company is working with potential advisers on the listing, although no final decision has been made yet.

If the IPO proceeds, it could happen sometime in 2025.

Trump’s Support Drives Crypto Firms to Go Public

The recent surge in crypto firms considering public listings is largely attributed to the election of Donald Trump, often referred to as the ‘crypto president’.

His support for the sector has pushed several companies, including Gemini, to accelerate their IPO plans.

Cameron and Tyler Winklevoss, who have been prominent figures in the crypto world, were also significant financial backers of Trump’s campaign, though they made headlines for donating more Bitcoin than the legal limit, prompting a refund of the excess funds, as per Federal Election Commission records.

Gemini’s Ongoing Legal and Financial Challenges

While Gemini eyes the public markets, the company continues to face legal hurdles.

In December 2024, Gemini agreed to pay a $5 million settlement to the Commodity Futures Trading Commission (CFTC) after allegedly providing misleading information during an attempt to launch the first US-regulated Bitcoin futures contract.

In addition, last year, the exchange was required to return over $1 billion to customers due to a settlement related to the Genesis Global Capital bankruptcy.

This issue stemmed from the Gemini Earn program, which promised high returns on crypto loans but led to significant losses for users, eventually forcing regulators in New York to step in.

Gemini’s Place in a Crowded Crypto Market

As a major player in the global crypto market, Gemini stands out due to its regulatory-compliant approach.

With a workforce of over 500 employees in various international offices, including New York, London, Singapore, and India, Gemini has positioned itself as a US-based competitor to global crypto giants such as Binance and Coinbase.

The company’s strict regulatory approach has helped it establish a relatively stable footing in an industry that has often faced regulatory uncertainty.

Competition Among Crypto Firms Considering IPOs

Gemini is not the only cryptocurrency company eyeing an IPO in 2025.

Peter Thiel-backed Bullish Global, a crypto exchange, is also reportedly considering going public this year.

Thiel has been a vocal supporter of Trump, hoping his administration will deliver on promises made to the industry.

As these firms move toward the public market, they are set to test investor confidence in regulated, compliant crypto platforms amid a rapidly changing landscape.