Crypto Exchanges Are Going Public: What It Means for Investors!

"If investors remain in gold rush mode, they might be willing to overlook Gemini's lackluster numbers with the expectation that the exchange has a bright future. If, however, Gemini stock has a poor debut, then it's a solid signal that froth is subsiding."

"Just behind Gemini, Kraken is working towards a listing as soon as early 2026 per Bloomberg and is simultaneously exploring up to $1 billion in debt to bulk up ahead of going public."

"executives told media outlets that they'd quote absolutely consider an IPO and would likely choose a US venue. If we match this up with that overhaul in tokconomics for OKB to address potential equity leakage, it does appear as though things are in motion for an IPO."

"The first thing to look out for are those day one pops in price. Crypto IPOs have seen some major first day surges well above the standard 15 to 20% that bankers often target. If these numbers begin dropping, however, we have muted demand."