EddieJayonCrypto
8 Mar 25
The crypto industry is experiencing a surge in public market interest, attributed to President Trump’s pro-crypto stance. Gemini exchange, founded by the Winklevoss twins, has reportedly filed for an IPO with the assistance of Goldman Sachs and Citigroup. Similarly, Kraken exchange is planning a 202...
The crypto industry is experiencing a surge in public market interest due to President Trump’s pro-crypto stance. Gemini exchange, founded by the Winklevoss twins, has filed for an IPO with major financial backing from Goldman Sachs and Citigroup. Similarly, Kraken exchange plans a 2026 IPO amid a friendlier regulatory environment under the Trump administration. Cathie Wood's Ark Invest predicts IPOs for Kraken and Circle under Trump's administration, while BitGo is exploring public listing in the second half of 2025.
Gemini exchange, founded by billionaire twins Cameron and Tyler Winklevoss, filed for an IPO confidentially and may go public as soon as this year, with the assistance of Goldman Sachs and Citigroup. This move followed the US SEC (Securities and Exchange Commission) closing its investigation into Gemini, clearing a major regulatory hurdle for the firm. The Winklevoss twins' increasing political engagement, along with their support for Donald Trump’s presidential campaign, reflects their growing influence in the crypto policy space. Kraken exchange also positions itself for a public offering, reportedly slated for early 2026, following a regulatory shift under the Trump administration. The exchange disclosed financial highlights for 2024, revealing revenue of $1.5 billion and adjusted earnings of $380 million. Ark Invest’s prediction of firms like Kraken and Circle pursuing IPOs under a Trump administration seems to be materializing. BitGo, a major digital asset custodian, is reportedly exploring a public listing in the second half of 2025.