Crypto exchange says Marshall Beard, Dan Chen and Tyler Meade are departing effective immediately; Cameron Winklevoss to take on COO duties as board names interim finance and legal chiefs.
What to know:
- Gemini Space Station Inc. is parting ways with its chief operating officer, chief financial officer and chief legal officer, with all three departures effective immediately, according to a regulatory filing.The shake-up follows Gemini's recent decision to shut down its crypto exchange operations in the U.K., the European Union, and Australia, cut about 25% of its global staff, and refocus on the U.S. and prediction markets.Co-founder Cameron Winklevoss will assume many of the departing COO's responsibilities, while the company has named interim leaders for its finance and legal roles amid broader cuts that include at least one senior APAC staff member.
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Gemini Space Station Inc. (GEMI) is parting ways with three top executives, including its chief operating officer (COO), chief financial officer (CFO) and chief legal officer (CLO), the exchangedisclosed in a filingon Tuesday.
COO Marshall Beard, CFO Dan Chen and CLO Tyler Meade are all leaving effective immediately, according to the filing. Beard has also resigned from Gemini’s board of directors. The company said his resignation was not the result of any disagreement related to its operations, policies or practices.
The stock fellmore than 10% in early Tuesday trading, underperforming most of its peers.
The departures come just days afterGemini announced it would shut downits crypto exchange operations in the U.K., European Union (EU) and Australia.
The exchange said it plans to cut roughly 25% of its global workforce and refocus its strategy on the U.S. market and prediction markets, marking a sweeping retrenchment only months after the company went public.
Gemini said it does not plan to appoint a successor COO at this time. Instead, co-founder Cameron Winklevoss will assume many of Beard’s responsibilities, including revenue-generating duties, in addition to his existing role.
The board appointed Danijela Stojanovic, Gemini’s chief accounting officer since May 2025, as interim CFO, and named Kate Freedman, currently associate general counsel and corporate secretary, as interim general counsel, effective Tuesday.
At least one other higher-level staff member attached to Gemini’s APAC division was let go on Tuesday as well, according to a person familiar with the matter.
Gemini did not immediately respond to a CoinDesk request for comment.
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