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Cameron Winklevoss of Gemini has exited his role at the company’s Europe directorate, but continues to function as CEO alongside twin brother Tyler.
Gemini Trust Company LLC co-founder Cameron Winklevoss has reportedly stepped down from the firm’s Europe board of directors. According to a Companies House filing, Winklevoss exited his role as a director of Gemini Europe on October 12th. Regardless, a spokesperson for Gemini explained that Cameron will continue as President and CEO at the crypto-focused company alongside twin brother Tyler. Commenting on the development, the spokesperson said:
“We can confirm [Cameron Winklevoss’ departure] 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.”
Cameron Winklevoss Gemini Europe Board Exit Part of Dynamic Shakeup in Crypto Management Space
There was another key management shakeup asides Cameron’s exit from the Gemini Europe directorate. 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. Crypto veteran Halliday exited the company last week to lead rival exchange Kraken. In his new post, he will be responsible for Kraken’s operations in the UK as its new managing director. Meanwhile, 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 characterizing the crypto space, in addition to crypto winter. Speaking on the broader development, Blair Halliday, Kraken’s UK managing director, explained:
“Households are actively thinking about the cost of living and personal finances, and we’re proud to highlight a viable alternative to the current legacy financial system. Similarly, as institutions further enter the marketplace, they’re in search of crypto firms that complement the highest level of security with outstanding products and services.”
He further added:
“Kraken’s clearly defined mission, industry-leading security protocols, exciting product suite and excellent customer service, will position us to be at the forefront of driving the next wave of crypto adoption.”
Kraken as UK High-Flier
Kraken has the UK as one of its top markets ranked by trading volume. Founded in 2011, the company has a UK-based team of around 350 members. It also has over 3,300 employees across the globe. Formerly led by Jesse Powell, Kraken enjoys the backing of many investors. They include Tribe Capital, SkyBridge, Hummingbird Ventures, Blockchain Capital, and Digital Currency Group.
Founded by the Winklevoss twins in 2014, Gemini is a New York-based crypto exchange and custodian. It provides several different services to customers, most notably the opportunity to buy, sell, and store digital assets.
Gemini currently operates in the US (its home state), Canada, the United Kingdom, South Korea, Hong Kong, and Singapore. Valued at over $7 billion in its last funding round, the firm harbors broader plans for European expansion beyond the UK and Ireland.