Gemini, the cryptocurrency exchange, has appointed a new chief financial officer as it prepares for a potential IPO.
The company has brought on Dan Chen, who was formerly the vice president of capital markets at Affirm, and he shared the news in a social media announcement.
“The cryptocurrency space is the most dynamic area in finance, and Gemini is leading this transformation — enabling users to engage effortlessly and securely in the realm of digital assets,” Chen wrote.
In his new role, Chen will collaborate with co-founders Cameron and Tyler Winklevoss to grow the business. His appointment comes at a time when Gemini is reportedly eyeing an IPO, which would enhance its capital access while also imposing the transparency expectations of public marketplaces.
Read more: Billionaire Winklevoss Twins-Backed Gemini has Confidentially Filed for a U.S IPO: Bloomberg
If Gemini advances with its IPO plans, it will join a limited but increasing number of crypto-focused firms contemplating a public listing on U.S. stock exchanges, which includes Kraken, Circle, Bullish (the parent company of CoinDesk), and Blockchain.com.
While Gemini has not officially confirmed its IPO intentions, the hiring of a CFO with a solid background in financial strategy indicates that preparations might be in motion.
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