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Billionaire Winklevoss Twins-Backed Crypto Exchange Gemini Looking to Go Public: Bloomberg
The exchange looking at IPO listing as soon as this year, the report said.
By Aoyon Ashraf
Feb 6, 2025, 10:08 p.m.
What to know:
Crypto exchange Gemini, backed by billionaire Winklevoss twins, is weighing an initial public offering (IPO) listing, Bloomberg said citing people familiar.
Gemini is in talks with potential advisers for the listing, and it could come as soon as this year, Bloomberg reported, noting no final decisions have been made.
The news of a potential IPO comes as sentiment in the crypto market has been buoyed by President Donald Trump's promise to create a more friendly environment for the digital assets sector.
Most recently, Bullish Global, the parent company of CoinDesk, was reported to have hired Jefferies to evaluate a potential IPO this year. Other crypto firms, such as Circle and Kraken, have also been reported to be weighing public listings.
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- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Stablecoin Adoption Is ‘Exploding' — Here's Why Wall Street Is Going All-In
Alchemy co-founder and president Joe Lau said stablecoin adoption is exploding as banks, fintechs and payment platforms push beyond the USDT/USDC exchange era.
What to know:
- Stablecoin usage is quickly broadening from crypto-native exchanges into payments, payroll and treasury as companies chase 24/7, digital-native settlement, according to Alchemy Co-founder and President Joe Lau.
- Banks are pushing tokenized deposits as a regulated, bank-native alternative that delivers stablecoin-like benefits for institutional clients.
- The endgame is a two-track system — stablecoins for open, two-party settlement; deposit tokens for bank ecosystems, until scale forces convergence and competition, Lau said.
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