Circle, Gemini, Bullish IPOs… Cryptocurrency Accelerates Entry into Institutional Finance

The digital asset market is leaping from an 'early laboratory stage' to an *institutional financial level* with structured governance, accounting audits, and scalable revenue models. Cryptocurrency exchanges that initially started as weekend projects have now transformed into mature organizations with dedicated compliance teams and investor relations departments, reaching a stage of developing medium to long-term capital strategies. MEXC's Chief Operating Officer (COO) Tracy Jin confidently stated, "We are ready for an IPO." On June 5th, Circle, the issuer of stablecoin USDC, made a spectacular debut on the stock market by raising $1.1 billion through an initial public offering (IPO). This far exceeded industry expectations, with the stock price surging an unprecedented 167% on its first day of trading. Consecutive listing movements are also notable. On June 6th, Gemini, founded by Cameron and Tyler Winklevoss brothers, submitted confidential documents for listing on the US stock market. On June 10th, Bullish, a digital asset exchange backed by global billionaire investor Peter Thiel, followed the same procedure. With major cryptocurrency companies like Circle, Gemini, and Bullish embarking on full-scale IPO moves, the digital asset industry is now assessed as a *key axis of the global capital market*, no longer an amateur experiment. These steps signal entry into the institutional realm and align with the crypto-friendly stance of President Trump during the US election, boosting overall industry investment sentiment.