Circle (CRCL.US) triggers the surge of listings in the cryptocurrency world, cryptocurrency exchange and custody institution Gemini submits IPO application.

According to documents filed by the US Securities and Exchange Commission (SEC) on Friday, the cryptocurrency exchange and custodian Gemini, founded by Cameron and Tyler Winklevoss brothers, has secretly filed for an IPO. The registration statement draft did not disclose the specific size and pricing details of this issuance. The IPO is expected to proceed after the SEC completes the review process. As preparations are underway for the listing, US regulatory agencies have shown a more relaxed attitude towards Gemini and the entire cryptocurrency industry. In February of this year, the US SEC ended its investigation into the exchange. Circle ignites the cryptocurrency listing boom Earlier this week, stablecoin issuer Circle Internet Group (CRCL.US) completed its listing on the New York Stock Exchange, and its stock surged significantly in the first two trading days. Circle's initial public offering (IPO) performance exceeded everyone's expectations, with pricing well above the previously estimated range, and the final subscription volume was more than 20 times the issuance amount. The company's stock price more than doubled shortly after opening, eventually closing with a 168% increase. Circle's $1.1 billion IPO is the most anticipated cryptocurrency IPO since Coinbase's (COIN.US) direct listing in 2021. Circle's performance may give other cryptocurrency companies planning to go public more confidence. It is reported that cryptocurrency custodian company BitGo Inc. is considering an IPO later this year. Sources revealed that Kraken, one of the oldest cryptocurrency exchanges, is preparing for an IPO in early 2026.