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, a crypto exchange run by billionaire twins Tyler and Cameron Winklevoss, on Friday disclosed it had confidentially filed for a U.S. initial public offering, as digital asset firms seize on renewed market momentum.

Gemini, the crypto company controlled by the Winklevoss twins, filed its IPO plans with securities regulators after shares of Circle more than doubled during its first day of trading