Gemini cryptocurrency exchange hires former Affirm executive before planned IPO

Gemini, the cryptocurrency exchange established by the Winklevoss twins, has brought on a new chief financial officer as part of its plans to go public by 2026.

Gemini, a cryptocurrency exchange, has named Dan Chen as its new chief financial officer, signaling its intention to potentially list on the Nasdaq. Chen, who previously held the position of vice president of capital markets and bank partnerships at Affirm Inc., revealed his new role in a post on X on Monday.

I am excited to announce that I have joined @Gemini as its Chief Financial Officer. I will be collaborating with @cameron and @tyler and the incredible team at Gemini to unlock the next phase of personal, financial, and creative freedom.

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The New York-based cryptocurrency exchange, founded by twins Cameron and Tyler Winklevoss, has been working with Goldman Sachs and Citigroup on a possible public offering, which could take place as early as this year, although no final decision has been made yet.

Gemini recently resolved regulatory issues, including paying $5 million to resolve a lawsuit with the Commodity Futures Trading Commission. 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 has offices in New York, Seattle, Singapore, London, and Dublin, has expanded to over 500 employees. As noted earlier by crypto.news, the twins have been outspoken in their support of U.S. President Donald Trump during the election cycle. His return to the White House is widely regarded as a positive development for the crypto industry.

With 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 looking to capitalize on the evolving digital assets landscape.