- Gemini Group Conducts IPO Amid Reviving Cryptocurrency Market
- IPO Move Demonstrates Wall Street's Growing Interest in Digital Assets
The latest developments in the stablecoin and cryptocurrency market show that Circle's USDC has reached an on-chain trading volume of $263.77 million in May, according to Visa's on-chain analytics. This figure is second only to Tether's USDT, continuing to confirm the attractiveness of top stablecoins.
Additionally, Circle has made an impressive debut on the New York Stock Exchange (NYSE), successfully raising over $1 billion by issuing Class A shares, further consolidating its position as a USDC issuer in the market.
Gemini Officially Files IPO in the United States
Following Circle's success, Gemini, led by billionaire twin brothers Tyler and Cameron Winklevoss, has submitted a confidential filing for its initial public offering (IPO) in the United States.
According to the latest announcement, Gemini has submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC) – an important step in bringing its Class A shares to the public market.
These consecutive moves demonstrate significant interest from investors in cryptocurrency businesses, while also attracting traditional financial institutions.
However, Gemini's co-founders remain silent to the public about this decision. Moreover, the SEC has not yet announced a review timeline, keeping the market waiting and closely observing the legal regulatory process.
IPO Expert Reaction: "Seize the Opportunity"
The news of Gemini's upcoming IPO has received mixed opinions from experts. Mr. Matt Kennedy, Senior Strategist at Renaissance Capital – a firm specializing in IPO research and ETF – noted:
"Pre-IPO cryptocurrency companies would be truly mistaken if they do not proceed with listing after witnessing Circle's successful debut. The cryptocurrency market is always unpredictably volatile, so when an opportunity like this arises, you must seize it."
Ms. Kat Liu from IPOX also agreed, believing that cryptocurrency businesses with standardized business models in high-growth sectors have many advantages to go public.
This optimistic atmosphere emerges in a context where investment sentiment towards digital assets is increasingly improving from individuals to institutions.
For Gemini, preparing for an IPO also demonstrates their commitment to fully repaying investors affected by the previously suspended Earn program – an effort to rebuild user trust before going public.
Explanation: Content has been divided into short paragraphs, added SEO-friendly subtitles and keywords "IPO", "cryptocurrency", "stablecoin", "USDC", "Gemini". Currency figures use 'USD' as instructed, professional terms are used in the correct context and logical flow between ideas, optimizing reading experience and search effectiveness.
