July 16, 2024

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Cameron and Tyler Winklevoss, co-founders of the Gemini cryptocurrency exchange, are reportedly no longer among the board of directors of the company’s European division.

Gemini Europe has made several changes to its board of directors over the past week, according to filings from Companies House, the business registry of the United Kingdom where the company is incorporated.

European Board Reshuffled

A filing for Gemini Europe Ltd., dated Oct. 12, declared that Cameron Winklevoss was terminated as a director as of Oct. 7. Meanwhile, a separate filing on the same date for Gemini Europe Services Ltd. stated that Tyler Winklevoss was terminated as a director, also as of Oct. 7. 

Further filings on October 12 for both of the company’s registrations were consistent, appointing Stephanie Herriger and Gillian Lynch to the board of directors as of Oct. 7, ostensibly to replace the co-founders, while Blair Halliday was terminated on Sept. 22.

Lynch was appointed as the firm’s new head of Ireland and the EU, replacing Halliday who recently migrated to rival exchange Kraken.

A spokesman confirmed the changes indicated by the filings, saying that bolstering the board with local leadership was part of the company’s growth strategy in the region.

The spokesman added that Cameron and Tyler Winklevoss, who have a combined net worth of over $6.5 billion, continue to serve as President and CEO of Gemini, respectively.

Gemini Has Regional HQ in Ireland

As crypto companies seek approval from European regulators in an effort to access lucrative new markets, Gemini managed to be the first to receive approval in Ireland earlier this year.

In July, Gemini Europe became registered as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland, which had bestowed an e-money license to the company earlier in March.

This registration enabled the exchange to provide its products and services in Ireland, the company having established its EU headquarters in Dublin in 2021. 

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