Renewed interest in the cryptocurrency market in recent months is that more United States-based cryptocurrency companies are considering going public.
According to to Bloomberg, Gemini co-founders Tyler and Cameron Winklevoss are pondering a public listing for the exchange, stating:
“We look at the market and we also have internal discussions about whether it makes sense for us at the moment. We are certainly open to it. “
The Winklevoss twins will have multiple means of disclosing Gemini, including an IPO or by merging with a blank check firm.
Indeed, Bitcoin futures exchange Bakkt, recently took advantage of the latter route through merge with VPC Impact Acquisition Holdings – a special takeover company, or SPAC.
Co-American crypto exchange platform Coinbase is also reportedly heading for a public listing via an IPO. The company has already done it submitted a draft registration with the Securities and Exchange Commission and is also in talk to Goldman Sachs.
Gemini recently disclosed that it had crossed the $ 10 billion mark in assets in custody. Back in April 2020, the exchange scored a Service Organization Control, or SOC 1, certification from “Big Four” accounting firm Deloitte.
Meanwhile, Gemini is set to launch a credit card service with a 3% Bitcoin discount feature. The company also bought Blockrize, a crypto payments startup that already has a waiting list of 10,000 people for the Gemini credit card.
As previously reported by Cointelegraph, the Winklevii are the richest Bitcoin billionaires with a combined value of approximately $ 2.8 billion in BTC according to Forbes. They famously invested $ 11 million in Bitcoin in 2013.