Cameron Winklevoss, the co-founder of cryptocurrency exchange Gemini, has stepped down from the board of directors of Gemini Europe — a wholly owned subsidiary of New York-based Gemini. According to a Companies House filing, Winklevoss ceased to be a director of the UK-incorporated Gemini Europe, the wider company’s European arm, on October 12. Meanwhile, Gillian Lynch, the new head of Ireland and the EU for the company, assumed the vacated company board seat of former Gemini Europe managing director Blair Halliday. The shift in pack happens after Halliday moved to rival exchange Kraken.
In a tweet explaining the move, Cameron Winklevoss said that he sits “on numerous boards within the Gemini universe and sometimes I step on or off depending on the needs of a local entity.”
“We can confirm this change was filed with Companies House and brings local leadership onto the board of directors to reflect the growth of Gemini’s business in the UK and Europe. Cameron and Tyler Winklevoss continue as President and CEO at Gemini,” a spokesperson for Gemini tells AltFi.
At the same time, Curtis Ting, who previously led Kraken’s UK & Europe operations, will move on to a global senior managing director role. This lets him oversee the regional operations of the San Francisco-based crypto exchange and bank. The managerial moves across Gemini and Kraken come at a more volatile period for crypto investors. This is especially so, given the escalating regulatory development characterising the crypto space, in addition to crypto winter.
Gemini Europe currently provides services in 29 European countries. Cameron Winklevoss co-founded Gemini in 2014, alongside his twin brother Tyler, which has since grown to become the 10th largest crypto exchange in the world, according to CoinGecko.
Gemini was valued at over $7 billion (roughly Rs. 57,584 crore) in its last funding round when it raised $400 million (roughly Rs. 3,290 crore) of cash from investors. The company has broader plans for European expansion beyond the UK and Ireland.
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