The well-known cryptocurrency exchange Gemini could be made public by launching your own initial public offering.
Bloomberg reports that the owners of the exchange, the twins Cameron and Tyler Winklevoss, are considering going public with their Gemini Trust Co.
This was explicitly stated by the company's co-founder and president, Cameron Winklevoss, during an interview.
He added that they are watching the market and discussing internally whether it makes sense right now, and said they are certainly willing to do so.
In December, another US cryptocurrency exchange, Coinbase, filed a Form S-1 application with the SEC to begin the listing process, so Gemini's listing is far from far-fetched. Furthermore, Bakkt also seems to want to go this route.
Gemini IPO: a matter of timing
The IPO would allow the Winklevoss twins to monetize their ownership of the exchange in dollars selling your shares on the market; After all, the bitcoins in your wallet are enough to turn you into billionaires.
Gemini is a New York-based trust founded in 2014 and regulated by the New York Department of Financial Services.
In fact, contrary to popular belief, many companies operating in the cryptocurrency sector do so in a perfectly regulated manner. In other words, if the cryptocurrency markets are not fully regulated yet, this does not exclude the possibility that some companies operating in them are not.
Gemini, along with Coinbase, is probably one of the US crypto companies that is most compliant with strict US regulations, precisely because it is regulated by the authorities of the State of New York, the state with the strictest regulations in the US regarding financial operators.
For example, another well-known American crypto exchange, Kraken, has had legal trouble in the past in New York State due to its strict regulations.
In other words, for Gemini, the decision to go public by launching an initial public offering on the stock exchange is simply a question of opportunity, because from a regulatory point of view you would already have all the credentials to do so, and this should not surprise anyone.