Gemini followed the circle’s recent success footsteps and applied for an IPO. Nevertheless, the move has sparked community skepticism as they wonder if this IPO is a bubble indicator.
The company has been interested in IPOs for several months, and Cameron Winklevos recently teased the major future developments that have been released.
Gemini’s new IPO explained
Gemini, a centralized crypto exchange founded by Winklevoss Twins, is not on the IPO’s crypto industry radar. However, after Circle’s recent IPO proved to be an overwhelming success, the exchange has joined the trend. According to a Gemini press release, the company submitted it to launch itself.
Still, this Geminipo isn’t necessarily a big surprise. The company has teased such developments for months. At the recent Bitcoin Conference, Cameron Winclevos explained his bold plans for his company and the crypto industry as a whole. The IPO certainly fits the bill. Nevertheless, some influential community members wonder if this is oversaturated the market.
“Oh, here’s what’s next. So we have this cycle of Bitcoin finance company and IPO. The doubtful Gemini is a good investment, but neither is a circle, look at what they are valuing.
In other words, some col believe that Gemini’s IPOs may represent the top indicator in the market. The company has made some advances recently, but IPOs do not necessarily represent a strong fundamental. Whatever happens, it is still in its early stages.
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