The cryptocurrency exchange Gemini, founded by the Winklevoss brothers, has confidentially filed for an IPO, Bloomberg reports, citing informed sources.

The company is working with Goldman Sachs and Citigroup. Previously, it was reported that Gemini’s leadership was considering going public in 2025, but updated information suggests that the plan remains on track for this year.

With Donald Trump’s return to power and changes in the leadership of several regulatory agencies, interest in IPOs among crypto companies has increased.

Notably, the crypto exchange Kraken plans to go public in Q1 2026. Its previous attempts to launch an IPO were unsuccessful due to regulatory pressure.

With Mark Uyeda’s appointment as acting SEC chairman, the regulator has shifted its enforcement approach and has already closed several cases against crypto companies, including Robinhood, Uniswap Labs, and Coinbase.

In January, Gemini opened a hub to ensure compliance with the EU’s MiCA digital asset regulations.