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- Cameron Winklevoss, the co-founder of Gemini Europe has resigned from the post of director at Gemini Europe.
- The news is verified in line with a companies house filing done on October 12.
Gemini Europe is a regulated crypto exchange, wallet and custodian, which in present gives services in 29 countries of Europe. Gemini was co-founded by Winklevoss in 2014, in company with his twin brother Tyler, which has since rose to secure its position at 10th-largest crypto exchange in the world, as per the data from CoinGecko.
The brothers became widely known and famous in the mainstream media for their position in the early history of Facebook, which resulted in a series of widely revealed proceedings where the brothers looked for multi-million dollar payment for their reported contribution to the victory of the platform.
The twins have also gained attention for their normally confident attitudes to the future of Bitcoin, which they often interact at industry events.
Cameron posted a tweet in which he has described the step by stating that “he sits on various boards inside the Gemini space and occasionally i go in or out that totally relies on the demand of a local body.”
Before Winklevoss, Blair Halliday who was managing director of Gemini for two years has also shifted to Kraken, a US-based crypto exchange in this month. The platform’s Board of Directors has also witnessed many new employments in the last month.
Gillian Lynch was employed as director on October 7 this year, a week prior to the company was introduced in Ireland, after securing its first position in getting an Electronic Money License (EMI) within the borders in October 2020, cheeping firms such as Coinbase, Stripe, Square and Meta to the post
Lynch was connected with the company in April 2021, having the skilful Irish executive drawing about twenty years of financial services experience to the firm, adding an 11-year job at the Bank of Ireland and as three years at Irish core banking vendor LEVERIS.
It is still not clear that the co-founder’s resignation from the board of directors has any link to the Irish growth, as the company did stated that “going live in Ireland is the newest act” its European growth master plan.”
In June of this year, the company publicized plans to shed about 10% of its employees, having a memo pinning judgement to “existing, unstable market conditions that will probably stay for some time.”
The step by the firm was not different to the steps taken by Coinbase at that very time, who also quoted problems regarding the “crypto winter” when shedding off a large percentage of its employees.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
