Gemini plans to go public, working with Goldman Sachs and Citigroup on its IPO as crypto industry opportunities expand.

Crypto exchange and custodian Gemini has confidentially filed for an initial public offering (IPO), Bloomberg reported, citing people familiar with the matter. The firm, founded by billionaire Cameron and Tyler Winklevoss,

Gemini, the crypto exchange owned by Cameron and Tyler Winklevoss, has filed confidentially for an initial public offering (IPO), according to a report from

The cryptocurrency exchange and custodian is considering going public as soon as this year, according to Bloomberg.

This story has been updated to include that the SEC declined to respond to Benzinga's request for comment. Gemini co-founder Cameron Winklevoss disclosed Wednesday that the SEC has concluded its investigation into the cryptocurrency exchange with no enforcement action to be taken.

The SEC dropped its case against Gemini, joining a trend of crypto-friendly moves. Winklevoss called for reforms, highlighting regulatory overreach and its impact on innovation.

According to a Wednesday X post from Gemini co-founder and President Cameron Winklevoss, the SEC informed Gemini on Monday that it was closing its investigation into the New York-based crypto exchange and would not be filing enforcement charges against it.

Gemini Trust Co., owned by billionaire Winklevoss twins, was told by the US Securities and Exchange Commission that the agency has closed its investigation into the crypto exchange according to a posting on X by Cameron Winklevoss.

The SEC ended its 699-day investigation into Gemini without charges, prompting co-founder Cameron Winklevoss to demand accountability for millions in legal costs and lost innovation.

Gemini's Winklevoss stresses the need for strategic Bitcoin reserves like rare minerals, crucial for national security and cost efficiency.

Gemini co-founder Cameron Winklevoss says that federal securities regulators have ended their probe into the US-based crypto exchange.