Gemini Exchange to Launch IPO With Goldman Sachs, Citi This Year

Gemini exchange led by the Winklevoss twins may be due for an IPO (initial public offering) this year as the crypto exchange reaches out to leading banks.

According to a report from Bloomberg, Gemini exchange is in talks with banking giants Goldman Sachs and Citigroup to bring Gemini to the NYSE.

Recently, Gemini exchange received an official dismissal from the SEC after the exchange was under investigation since 2024.

Gemini exchange makes IPO plans after SEC dismissal

According to Bloomberg, Gemini exchange plans to launch an IPO later this year in collaboration with Citi and Goldman Sachs.

The announcement comes as the U.S. Securities and Exchange Commission (SEC) dropped its case against Gemini exchange, with Cameron Winklevoss commenting on the matter.

For Cameron Winklevoss, damage done by the SEC should be reimbursed as the CEO explained how millions in legal fees went towards fighting the SEC’s judgments.

Over the course of the past month, dozens of cryptocurrency firms in the US have been dismissed by the SEC as Trump’s pro-crypto administration plans to launch a strategic Bitcoin stockpile and Crypto Reserve. 

In February 2025, Robinhood, Justin Sun’s Tron, Coinbase, Kraken and Gemini all received dismissals from the SEC, now under new leadership.

A Gemini exchange IPO would put them head to head with Coinbase’s COIN stock, which also enables non-cryptocurrency investors exposure to crypto markets in some way, although not directly. 

Traditional finance and crypto

Since the first Bitcoin ETFs went public in January 2024 with BlackRock’s notable BitcoiniShares fund, traditional finance has been eager to enter crypto and vice versa.

Cryptocurrency companies have been launching TradFi and TradFi has been entering crypto on a wide scale, especially with Trump’s call to make the US the crypto capital. 

Tokens such as Ripple, Hedera Hashgraph, Cardano, and more are merging the gap between traditional finance and crypto. With Gemini’s IPO leap, it’s not hard to imagine other web3 companies will also join them in the near future.