Winklevoss twins’ crypto company Gemini files for IPO

Gemini, a cryptocurrency exchange and custodian founded by the Winklevoss twins, has filed for an initial public offering (IPO). The filing with the U.S. Securities and Exchange Commission (SEC) marks another milestone for the crypto industry, as more companies seek to go public. Gemini was launched in 2014 and has since grown to become one of the largest and most regulated cryptocurrency exchanges in the world. The company provides a platform for buying, selling, and storing digital assets, catering to both individual and institutional investors. The IPO filing does not disclose the number of shares Gemini plans to offer or the price range, but it does indicate that the company aims to list its shares on the Nasdaq exchange under the ticker symbol "GMNI." The move comes amid a broader trend of increased institutional adoption and legitimization of the cryptocurrency market. The successful IPO of Coinbase, another major crypto exchange, in 2021 has paved the way for other crypto companies to follow suit.