According to extrajudicial agreements with regulatory authorities, Gemini wants to go to the stock exchange
- Gemini wants to go to the stock exchange and has two with Goldman Sachs and Citigroup two Experienced partners for a smooth admission procedure.
- After 699 days the SEC Gemini left the hook and does not continue to do its lawsuit, and the CFTC is now also available
The crypto tour Gemini founded by Cameron and Tyler Winklevoss has loud Bloomberg Requested your IPO. Should everything work out, Gemini could be noted this year. The chances are good and there are support for two heavyweights of the banking system: Goldman Sachs and Citigroup.
Legal conflicts with Sec and CFTC included
It was not easy for Gemini to get to this point. The company recently completed a lengthy examination of the US stock exchange supervision SEC, which was finally taken after 699 days without further legal steps. This is undoubtedly a welcome relief compared to the official pressure, which previously been on the company.
In addition, the company agreed to pay the US Commodity Futures Trading Commission (CFTC) a fine of $ 5 million in January 2025. It is related to Bitcoin futures contracts from 2017. In addition to payment of the fine, the company is also subject to permanent ordinary.
EU expansion: Malta and France as gateways
Gemini is also on the rise in Europe. As CNF reports, Malta is the EU company seat. Malta is one of the most liberal EU countries in the crypto industry. Gemini acquired the license for virtual financial services there as early as December 2024.
With the Maltese license valid throughout the EU, the company started activities in France in November 2024. For Gemini, in view of the growing crypto environment of the EU and the more central location, France is a sin of useful operational location as Malta. From here you want to expand into the entire EU.
Will Gemini’s IPO will be a success?
In view of all of these preparations, the question now arises: Will Gemini’s IPO attract investors?
On the one hand, Gemini is not a new company. You already have a good name in the industry. On the other hand, the crypto market is unpredictable, and many US companies have had to learn that in Europe one tends to act more conservative when it comes to digital assets.
No Comments