Overview

• By filing confidentially, Gemini keeps share counts private and gauges investor demand before SEC approval
• The move follows Circle’s NYSE debut, which saw its shares surge more than 168% in the first two days
• Gemini settled a $5 million CFTC suit in January and had an SEC probe close without enforcement action in February
• The exchange appointed former Affirm executive Dan Chen as CFO in March to lead its IPO preparation
• The Winklevoss twins each donated $1 million in Bitcoin to President Trump’s reelection campaign and attended the White House’s first crypto summit