Gemini ousts COO, CFO and Chief Legal Officer after international exit and 25% staff cuts
Gemini is parting ways with its COO, CFO, and CLO immediately following significant international market exits and a 25% workforce reduction.Summary
Crypto exchange Gemini Space Station Inc. (GEMI) announced the immediate departure of three top executives: COO Marshall Beard, CFO Dan Chen, and CLO Tyler Meade, effective Tuesday. This shakeup follows Gemini's recent decision to cease crypto exchange operations in the U.K., EU, and Australia, alongside plans to cut approximately 25% of its global workforce to refocus on the U.S. market and prediction markets, occurring just months after its IPO. In response to the departures, co-founder Cameron Winklevoss will absorb many of the COO's duties, while Danijela Stojanovic and Kate Freedman have been appointed as interim CFO and interim general counsel, respectively. The stock price fell over 10% in early trading following the news.
(Source：CoinDesk)