The post Gemini Quietly Files for IPO With Goldman Sachs, Citigroup appeared on BitcoinEthereumNews.com.

Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has confidentially filed papers to go public on the US stock exchange, according to Bloomberg. Should all go along, Gemini might go public right away this year. To enable this large-scale action, they have, behind the scenes, engaged two banking heavyweights, Goldman Sachs and Citigroup. Gemini Clears Legal Challenges Ahead of IPO It hasn’t been easy for Gemini to get to this point. The company recently emerged from a lengthy investigation by the US Securities and Exchange Commission (SEC), which was eventually closed after 699 days without further legal action. This is undoubtedly a welcome relief from the regulatory pressure that had previously loomed over their operations. Furthermore, they agreed to pay the US Commodity Futures Trading Commission (CFTC) a $5 million civil penalty in January 2025. The charges are per line with their 2017 bitcoin future contract remarks. In addition to paying the fine, the company is also subject to a permanent injunction. On the one hand, this cleanup might be Gemini’s way to make sure legal problems do not hinder their movements onto the stock exchange floor. Should the IPO go through, Gemini will be among the list of cryptocurrency startups beginning to find acceptance in traditional stock markets. European Expansion: Malta and France as Gateways Gemini is moving fast in Europe but in the US they are subject to tight laws. The CNF report reveals that Malta is now the operational base of the company in the area. This action was done in line with their attempts to follow European Union Markets in Crypto-Assets (MiCA) rules in effect. Particularly in the blockchain-based financial industry, Malta itself is regarded as one of the nations open to digital innovation. Gemini first became known in Malta in December 2024 when…

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Filed under: News - @ March 8, 2025 6:12 pm