Winklevoss brothers-founded crypto exchange Gemini has filed for an IPO, seeking to raise up to $317 million as an “emerging growth company.” Gemini, a crypto exchange founded by Cameron and Tyler Winklevoss, announced the launch of an initial public offering (IPO) of 16.67 million shares of Class A common stock. Gemini Space Station filed a Form S-1 for IPO on Tuesday, planning to sell the shares priced between $17 and $19 per share, to raise up to $317 million. Subject to completion, the filing comes weeks after the company filed with the US Securities and Exchange Commission to list its Class A common stock on the Nasdaq Global Select Market under the ticker GEMI on Aug. 16. Read more
The Winklevoss twins-owned Gemini exchange continues its expansion in Europe, securing a Markets in Crypto-Assets Regulation license in Malta. Cryptocurrency exchange Gemini received a Markets in Crypto-Assets Regulation (MiCA) license in Malta, supporting the company’s ongoing expansion in Europe. The Cameron and Tyler Winklevoss-owned exchange secured a MiCA license from the Malta Financial Services Authority (MFSA) on Wednesday, according to official MFSA records. “Receiving this approval marks a critical milestone in our regulated European expansion, as it will allow us to expand our secure and reliable crypto products for customers in over 30 European countries and jurisdictions,” Gemini said in a statement shared with Cointelegraph. Read more
Gemini’s lead comes after a series of updates, while OpenAI’s ChatGPT and xAI’s Grok have suffered missteps. Bettors on Kalshi, a prediction market, forecast that Google’s Gemini will emerge as the top artificial intelligence text model by the end of 2025. The positions reflect the ongoing developments of Gemini’s competitors as the large language model (LLM) race heats up. Since Tuesday, Gemini has taken a commanding lead with 57% of users betting on the model, up from 48.1% on the previous date. During that same time, OpenAI’s ChatGPT model has fallen to 20% from 25.4%, and xAI’s Grok odds have decreased to 15% from 18.8%. This particular Kalshi prediction scenario will resolve on Dec. 31, with bettors of the winning model receiving their allotted amount. The LM Arena Leaderboard, “an open platform where everyone can [...] access, explore and interact with the world’s leading AI models,” will verify the outcome. Currently, $7.4 million in volume has been seen on this prediction scenario. Read more
Gemini, the Winklevoss-founded crypto exchange and custodian, has filed to list on Nasdaq under ticker GEMI, revealing steepening losses ahead of its IPO. Gemini Space Station, the crypto exchange and custodian founded by Cameron and Tyler Winklevoss, has filed with the US Securities and Exchange Commission to list its Class A common stock on the Nasdaq Global Select Market under the ticker GEMI. Founded in 2014, Gemini operates a regulated crypto exchange, custody service, and a range of blockchain-based products, including the US dollar-backed Gemini Dollar (GUSD) stablecoin and a crypto-rewards credit card, the platform said in the filing submitted on Friday. According to its filing, the IPO will mark the first time its shares are publicly traded, with pricing expected between an undisclosed range. The offering will be led by a syndicate of major banks, including Goldman Sachs, Morgan Stanley, Citigroup and others. Read more
Tyler Winklevoss claims JPMorgan paused Gemini's onboarding after he criticized the bank’s data access fees, calling the move anti-competitive. Gemini co-founder Tyler Winklevoss has accused JPMorgan Chase of halting the crypto exchange’s onboarding process in response to his public criticism of the bank’s new data access policy. In a Friday post on X, Winklevoss claimed JPMorgan retaliated after he called out the banking giant’s new move as anti-competitive behavior that could harm fintech and crypto firms. “My tweet from last week struck a nerve. This week, JPMorgan told us that because of it they were pausing their re-onboarding of Gemini as a customer after they off-boarded us during Operation ChokePoint 2.0,” the Gemini boss wrote. Read more
Binance names Gillian Lynch as head of Europe and UK to lead its MiCA compliance and expansion across regulated crypto markets. Binance, the world’s largest cryptocurrency exchange, has appointed Gillian Lynch as its new head of Europe and the United Kingdom, signaling a renewed push to secure regulatory approval across the region. Lynch brings more than 20 years of leadership experience in fintech, banking and digital assets. She previously held senior roles at Gemini, Bank of Ireland and Leveris. The appointment, announced Friday, comes as Binance faces increasing scrutiny in Europe and seeks to align with the European Union’s Markets in Crypto-Assets Regulation (MiCA). Lynch will oversee Binance’s regional strategy, day-to-day operations and regulatory engagements across key European and UK markets. Read more
Gemini says Strategy (MSTR) is its only tokenized stock for now, with more tokenized stocks and ETFs launching in "the coming days." Crypto exchange Gemini has launched a tokenized version of Michael Saylor’s Strategy (MSTR) stock for users in the European Union, allowing them to invest in the Bitcoin-buying firm onchain. “Traditional financial rails are hard to access and in need of modernization,” Gemini said in a statement on Friday. “Tokenized stocks solve this problem by giving investors greater access with fewer restrictions,” it added. Read more
Gemini has accused the CFTC’s enforcement division of using a false whistleblower report to form its 2022 lawsuit against the crypto exchange. Gemini Trust claims it was a “selfish desire” by the Commodity Futures Trading Commission’s litigators to advance their careers that allowed “dubious” charges to be brought against the crypto exchange in 2022. In a letter on Friday to CFTC Inspector General Christopher Skinner, Gemini alleged the agency’s Division of Enforcement lawyers relied on a dodgy whistleblower report to sue the company. “DOE Staff selectively and unfairly weaponized the Commodity Exchange Act [....] to bring dubious false statements charges against Gemini,” lawyers for the exchange claimed. Read more
Gemini is set to receive approval from Malta, while Coinbase is expected to get the green light from Luxembourg, according to Reuters. Crypto exchanges Gemini and Coinbase are reportedly set to secure licenses to operate in the European Union, marking a significant step in their expansion under the newly implemented Markets in Crypto-Assets (MiCA) regulations. Gemini is on track to receive approval from Malta, while Coinbase is expected to obtain its license through Luxembourg, Reuters reported Monday, citing unnamed sources familiar with the matter. A Coinbase spokesperson declined to comment on the specific application but told Reuters that Luxembourg is a “well-respected global financial center.” Read more
Crypto IPO season is underway. Circle’s explosive debut has fueled filings from Gemini and Bullish, with Kraken, BitGo, and Consensys potentially next. Key takeaways: Circle’s IPO was a success, with CRCL soaring almost 290% and sparking renewed investor interest. New IPO filings from Gemini and Bullish signal growing momentum, and more crypto-native firms may prepare to enter public markets. Read more