PANews reported on March 8 that according to Bloomberg, people familiar with the matter revealed that cryptocurrency exchange and custodian Gemini has secretly applied for an initial public offering (IPO). The company was founded by billionaire Cameron Winklevoss and is working with Goldman Sachs and Citigroup on the offering. An article published by Cameron Winklevoss on X stated that Gemini will go public after the U.S. Securities and Exchange Commission ends its investigation into the exchange. A document in January showed that the company paid $5 million to end the Commodity Futures Trading Commission's lawsuit.