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Investing.com -- Gemini, a cryptocurrency company backed by the billionaire Winklevoss twins, is reportedly contemplating an initial public offering (IPO) within this year, according to a report from Bloomberg, citing people familiar with the matter.
The crypto exchange and custodian is currently in discussion with potential advisers about a possible listing, according to sources who wished to remain unnamed as the information is not yet public.
The decision to pursue an IPO is still under consideration and no final decision has been made, the report noted.
The move towards public offerings by companies in the cryptocurrency sector has gained momentum following the election of President Donald Trump, who has shown strong support for the industry. Cameron and Tyler Winklevoss, who gained fame from their legal dispute with Facebook (NASDAQ:META) founder Mark Zuckerberg over the ownership of the social network, are known to have donated Bitcoin to Trump’s campaign in amounts exceeding the allowable limit and were subsequently refunded the excess.
Gemini currently employs over 500 people in various locations including New York, Seattle, Singapore, London, Dublin, and Gurgaon, India, according to its website.
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