One of the biggest crypto exchanges in the world is getting ready to make their Wall Street debut.
What’s happening:
- Crypto exchange Gemini has officially filed a Form S-1 with the United States Securities and Exchange Commission to pursue an IPO onto a major American stock exchange
Why it matters:
- Gemini was founded by early Bitcoin investors Cameron and Tyler Winklevoss and has become one of the most popular digital asset exchanges in the world
Going deeper:
- Gemini has been operating for more than a decade and is in more than 60 countries globally, including the United States, the United Kingdom and Canada
- Some of the largest venture capital funds in crypto have been early backers of Gemini, including Morgan Creek Digital, ParaFi Capital and even Jay-Z’s Marcy Venture Partners
The intrigue:
- Gemini is one of the few large scale crypto exchanges that has never experienced a major hack or data breach and has built one of the most comprehensive security platforms in the digital asset ecosystem
The fine print:
- The exact terms and valuation of Gemini’s IPO financing round has not yet been publicly disclosed
