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crypto.news 2025-03-18 07:19:00

Crypto exchange Gemini onboards ex-Affirm exec ahead of IPO

Crypto exchange Gemini onboards ex-Affirm exec ahead of IPO

The Winklevoss-founded crypto exchange Gemini has hired a new chief financial officer as it seeks going public by 2026. Crypto exchange Gemini has appointed Dan Chen as chief financial officer as it moves closer to a potential public listing on Nasdaq. Chen, who previously worked at Affirm Inc. as a vice president of its capital markets and bank partnerships, announced his new role in a Monday post on X. I’m thrilled to announce that I’ve joined @Gemini as its Chief Financial Officer. I will be working alongside @cameron and @tyler and the incredible team at Gemini to unlock the next era of personal, financial, and creative freedom. Crypto is the most dynamic sector in finance… — Dan Chen (@danchen13) March 17, 2025 The New York-headquartered crypto exchange, backed by twins Cameron and Tyler Winklevoss, has been working with Goldman Sachs and Citigroup on a possible public offering that could happen as soon as this year, though no final decision has been announced so far. You might also like: Gemini sets new world record with Bitcoin lightshow featuring 1,000 drones Gemini recently settled regulatory issues, including a $5 million payment to end a Commodity Futures Trading Commission lawsuit. It also agreed to return at least $1.1 billion to customers affected by Genesis Global Capital’s bankruptcy. Due to asset appreciation, some users received over $2 billion in crypto, according to a company statement. Gemini, which operates offices in New York, Seattle, Singapore, London, and Dublin, has grown to more than 500 employees. As crypto.news noted earlier , the twins have been vocal in their support of U.S. President Donald Trump during the election cycle. His return to the White House is widely viewed as a positive development for the crypto industry. With the recent regulatory tailwinds, a successful Gemini IPO could signal a new wave of public offerings in the crypto sector, potentially attracting significant interest from investors eager to capitalize on the evolving digital assets landscape. Read more: From jail fears to White House cheers: Winklevoss brothers reflect on Gemini scrutiny

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