Gemini Executives Depart Amid Crypto Winter
Dive Brief:
- Gemini, a prominent crypto exchange, recently announced the departure of its CFO, COO, and CLO, as disclosed in a securities filing.
- Interim replacements have been named, with Danijela Stojanovic taking over as CFO and Kate Freedman as interim general counsel.
- This shakeup comes amidst a challenging period for the crypto industry, with bitcoin prices plummeting.
Dive Insight:
Gemini’s stock price has also suffered a significant decline since its Nasdaq debut, losing a large portion of its initial value.
The company’s president, Cameron Winklevoss, will take on additional responsibilities following the departure of the COO.
The reasons for the executives’ departures were not disclosed, but the company plans to provide transition services for them for a limited period.
Recent workforce reductions and operational changes indicate a shift in strategy for Gemini, with associated restructuring charges.
Financial projections for 2025 show a mix of revenue growth and increased operating expenses, driven by various investments and costs.
Despite these challenges, Gemini has seen growth in monthly transaction users throughout 2025.
The interim CFO, Stojanovic, brings a wealth of experience from her previous roles, including supporting a successful IPO.
For more information, you can visit the source article here.
