Cryptocurrency, Cryptocurrency Exchange, News

Winklevoss Brothers’ Crypto Exchange Gemini Plans To Go Public

After the two famous cryptocurrency exchange platforms Coinbase and Bakkt, another major digital currency exchange is planning on going public. Gemini, a very well known crypto exchange owned by Winklevoss brothers Tyler and Cameron, might go public, one of the executives of the exchange gave a sign regarding this. However, the company is still considering this possibility and has not taken a final decision.

Gemini Is Open To The Possibility Of Going Public

The New York-based cryptocurrency exchange is exploring the possibility to go public. In an interview held recently, Cameron Winklevoss, the President of Gemini, said that they are considering this possibility and are definitely open to it. Cameron said that they want to make sure that they have this option.

While talking about this, he said that they are currently discussing this matter internally, whether it is the right time for them to plan the public listing or not. But he claimed that they are keeping a close eye on the market. Cameron, however, said that they have not yet decided to conduct Initial Public Offering (IPO).

Coinbase And Bakkt Are All Set To Go Public

On the other hand, the San Francisco-based cryptocurrency exchange Coinbase and the cryptocurrency platform Bakkt are all set to go public. Coinbase, a major cryptocurrency exchange based in San Francisco, is working on its plan to take its platform public. For this purpose, the digital currency exchange filed with the United States Securities and Exchange Commission (SEC) a confidential draft statement in the month of December in 2020. Coinbase will also likely be conducting its own initial public offering (IPO), and then, it will be ready to go public.

In addition to Coinbase, the cryptocurrency exchange platform Bakkt has also revealed plans to go public and entered in this race. The company behind Bakkt said on the 11th of January that it is planning on becoming a publicly-traded company through a merger with VPC Impact Acquisition Holdings.

The decision taken by these cryptocurrency exchanges for taking their platforms public was likely propelled by the recent bullish rally of Bitcoin (BTC), the world’s largest digital currency in terms of market capitalization, which reached its all-time high above $40k.

Leave a Reply

Your email address will not be published. Required fields are marked *