Gemini — a crypto exchange run by billionaire twins Tyler and Cameron Winklevoss — disclosed Friday it had confidentially filed for a US initial public offering, as digital asset firms seize on renewed market momentum.

Several high-profile companies, including those in high-risk sectors such as crypto and financial technology, have launched successful listings in recent weeks, reflecting pent-up demand and renewed vigor in the capital markets.

Earlier this week, stablecoin issuer Circle went public in a blowout debut on the New York Stock Exchange. 3

“Pre-IPO crypto companies would be crazy not to move ahead with listings after seeing how Circle traded,” said Matt Kennedy, senior strategist at Renaissance Capital, a provider of IPO-focused research and ETFs. “Crypto can be a

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