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.

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.

Founded by the Winklevoss twins, Cameron and Tyler, in 2014, Gemini is one of the longest-operating U.S. crypto companies, though it has never reached the scale of competitors like Coinbase. Though Gemini’s main product is its exchange,