The cryptocurrency exchange Gemini, founded by the Winklevoss twins, has appointed a new chief financial officer as it aims to pursue a public offering by 2026.
Gemini has brought Dan Chen on board as its chief financial officer as the company edges closer to a potential Nasdaq listing. Chen, who previously held the role of vice president in capital markets and bank partnerships at Affirm Inc., shared the news of his appointment in a post on X.
Based in New York and supported by twins Cameron and Tyler Winklevoss, Gemini has been collaborating with Goldman Sachs and Citigroup to prepare for a public offering that might take place as early as this year, although no definitive plans have been disclosed yet.
The exchange has recently resolved various regulatory matters, including a $5 million settlement to conclude a lawsuit from the Commodity Futures Trading Commission. Additionally, it has agreed to return at least $1.1 billion to customers impacted by the bankruptcy of Genesis Global Capital. Owing to asset appreciation, some clients have received more than $2 billion in cryptocurrency, as indicated by a company statement.
With offices in New York, Seattle, Singapore, London, and Dublin, Gemini has expanded to over 500 employees. As previously mentioned, the Winklevoss twins have expressed their support for U.S. President Donald Trump during the election season, and his potential return to the presidency is generally seen as a favorable development for the cryptocurrency market.
The recent favorable regulatory changes could pave the way for a successful IPO for Gemini, potentially igniting a new trend of public offerings within the crypto space and drawing significant interest from investors looking to engage with the evolving digital assets market.