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After Circle’s IPO, Crypto Exchange Gemini Takes Next Step Toward Listing With SEC Filing

  • Gemini, the cryptocurrency exchange owned by the Winklevoss twins, has confidentially filed a draft registration statement with the SEC for an IPO following Circle's recent listing.
  • The move by Gemini signals a strategic step towards accessing traditional capital markets, although the size and valuation of the offering have not been disclosed.
  • Gemini's IPO efforts come after regulatory hurdles were cleared, including settling a lawsuit with the CFTC and hiring financial advisors like Goldman Sachs and Citigroup to court institutional investors.
  • The success of Gemini's IPO, which would depend on regulatory review and market conditions, could mark a milestone for the company and the broader crypto industry as they seek acceptance in the regulated financial sphere.

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