The co-founder of the cryptocurrency exchange Gemini, Cameron Winklevoss, has resigned from the board of Gemini Europe, a fully-owned subsidiary of the New York-based Gemini. On October 12, Winklevoss resigned as a director of Gemini Europe, the larger company’s European division, which is based in the UK, according to a Companies House document. Blair Halliday, the previous managing director of Gemini Europe, left his seat on the corporate board, and Gillian Lynch, the new head of Ireland and the EU, took his place. After Halliday goes to a rival exchange Kraken, the pack begins to alter.
Cameron Winklevoss explained the change in a tweet, stating that he serves on “several boards within the Gemini cosmos, and occasionally I step on or off based on the requirements of a local organization.”
“We can confirm that this modification, which adds local leadership to the board of directors to reflect the expansion of Gemini’s operations in the UK and Europe, was lodged with Companies House. At Gemini, Cameron and Tyler Winklevoss remain president and CEO, “a Gemini representative told AltFi.
At the same time, Curtis Ting, who formerly oversaw Kraken’s operations in the UK and Europe, will transition into a global senior managing director position. He can now manage the San Francisco-based cryptocurrency exchange and bank branch offices. The leadership changes at Gemini and Kraken occur while cryptocurrency investors are experiencing greater volatility. This is especially true in light of the crypto winter and the rapidly evolving regulatory environment that characterizes the cryptocurrency market.
Currently, 29 European nations are served by Gemini Europe. In 2014, Cameron Winklevoss and his twin brother Tyler co-founded Gemini, which has grown to become the tenth-largest cryptocurrency exchange in the world, according to CoinGecko.
In its most recent investment round, Gemini collected $400 million (approximately Rs. 3,290 crores) in cash from investors, valued at over $7 billion (about Rs. 57,584 crores). Beyond the UK and Ireland, the company’s intentions for European development are more extensive.