Renewed interest in the cryptocurrency market in recent months is seeing more United States-based cryptocurrency businesses consider going public.
According to Bloomberg, Gemini co-founders Tyler and Cameron Winklevoss are mulling a public listing for the exchange, stating:
“We are watching the market and we are also having internal discussions on whether it makes sense for us at this point in time. We are certainly open to it.”
The Winklevoss twins will have multiple means to take Gemini public including an initial public offering or by merging with a blank-check firm.
Indeed, Bitcoin futures exchange Bakkt, recently utilized the latter route by merging with VPC Impact Acquisition Holdings — a special purpose acquisition company, or SPAC.
Fellow U.S. crypto exchange platform Coinbase is also reportedly moving towards a public listing via an IPO. The company has already filed a draft registration with the Securities and Exchange Commission and is also in talks with Goldman Sachs.
Gemini recently revealed