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.

A crypto exchange platform backed by the billionaire Winklevoss twins has submitted a confidential filing for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC).

Gemini, the crypto firm founded by Cameron and Tyler Winklevoss, has confidentially filed for an IPO in the U.S. The filing follows the SEC’s decision to drop its investigation into Gemin,i and the company's $5 million settlement with the Commodity Futures Trading Commission.