Coin circle IPO welcomes another one. The founders, who are brothers, have previously been in court with Zuckerberg.

Taking advantage of the favorable cryptocurrency policy and the hype surrounding US stock IPOs, the cryptocurrency exchange Gemini has also submitted its prospectus to the US Securities and Exchange Commission. In comparison to Circle, which went public in June, and Bullish, a cryptocurrency exchange and top media company that completed its IPO this week, Gemini's financial data shows some significant shortcomings. In the first half of this year, the company achieved revenue of $67.91 million and a loss of $282 million, while in the same period last year, revenue was $73.52 million with a loss of only $41.37 million. In addition to operating a cryptocurrency exchange, Gemini also offers cryptocurrency staking services, a credit card that provides cryptocurrency rewards, as well as cryptocurrency custody and over-the-counter trading services for institutions. If the IPO is successful, Gemini will become the third cryptocurrency exchange to be listed on the US stock market, following Coinbase and Bullish. Gemini was founded in 2014 by the Winklevoss brothers. In 2004, the two brothers accused Mark Zuckerberg of stealing their idea for Facebook and using source code that they had developed while working for him. The lawsuit was eventually settled in 2008, with reports suggesting that Facebook paid them $65 million in "cash + stock".