The general market for encryption companies is heating. On the aftermath of the circle The monster for the first time On the New York Stock Exchange, another company continues in its steps, as GEINI announced on Friday that it had made secretly for a preliminary general offer.
GIMINI was founded by Winklevoss Twins, Cameron and Tyler, in 2014, is one of the tallest US encryption companies, although it did not reach the competitors scale like Coinbase. Although the main Gemini product is its exchange, which allows users to buy and sell famous cryptocurrencies like Bitcoin and Ethereum, it provides other services, including custody and trick.
Like other encryption companies, Gemini has a rocky relationship with the organizers, especially after its failed partnership with Genesis, the former subsidiary of the Crypto Contrence Currency Group (DCG). messy A series of lawsuits and Enforcement procedures Of state agencies and federal agencies.
Despite hiccups, Gemini aims to ride a wave of investor interest in encryption, driven by the Trump administration’s civilization. Winklevoss twins were frank supporters from Trump’s offer for a second period, with everyone personally Donation One million dollars in Bitcoin for his campaign. They appeared in the White House when Trump Hover The first coding summit in March.
in press releaseA gelini spokesman said that the public subscription will happen after the Securities and Stock Exchange Committee conducted a review.
Bitcoin also
Winkelvos Twins is famous for its removal with Mark Zuckerberg for the founding of Facebook, as he embraced Bitcoin before it was a famous origin category. They established GEINI shortly after Coinbase’s arrival in the market, and obtained one of the first encryption licenses granted by the Ministry of Financial Services in New York in 2015.
Despite the company’s early engine condition, it was struggled to get the highest market amid organizational obstacles. Winklevoss twins was Firstly To apply for Bitcoin ETF boxes with SEC in 2013 because it was creating Gemini, although the offer did not get approval. The company’s decision to create an investment vehicle called Gemini is gaining with Genesis Book amid the encryption boom in 2021 proved to be catastrophic.
Through the product, Gemini users can provide an encrypted currency to the company for revenue up to 13 %. On the back interface, Gemini has provided assets to the Genesis, which in turn presented it to other companies such as the Three Arrows Capital and FTX Sam Bankman-Fric. After many of these companies rose in 2022, the assets were frozen, which led to the bankruptcy of the DCG lending arm, composition, and an ugly legal conflict between Gemini and DCG.
While the two companies eventually returned the capital to Gemini users, the episode still leads to enforcement procedures from the Supreme Education Council, as well as The Ministry of Financial Services in New York and Public Prosecutor in New York.
Following the organizational campaign, Winklevoss Twins supported the Trump friendly campaign for encryption. Along with their appearance at the top of the White House digital origin, CNBC reported that the Winklevoss twins are members of a new organic club in Washington, DC, which was founded by Donald Trump Junior.
The GEMINI General Advertisement of the public subscription file comes just one day after the first appearance in the public market in Circle, which witnessed StableCoin’s Secort Pop More than 168 %.
This story was originally shown on Fortune.com
https://fortune.com/img-assets/wp-content/uploads/2025/06/GettyImages-493353504-e1749230903735.jpg?resize=1200,600
Source link