Cameron Winklevoss No More A Part Of Gemini Europe: Report
- Cameron Winklevoss, the co-founder of crypto exchange Gemini, an exchange which he formed with his twin brother Tyler Winklevoss, has left his spot on Gemini Europe’s board of directors.
- Cameron Winklevoss and his twin brother, Tyler Winklevoss, both remain the President and the CEO at the 14th biggest crypto exchange by market capitalization.
- The news comes at a time when the exchange expanded to Europe with approval from Irish authorities and becoming the first such exchange to operate in the country.
Gemini, one of the largest crypto exchanges founded by billionaire twins Cameron and Tylor Winklevoss, has been having a rough year as the exchange has seen a significant drop in trading volume and it seems that the expansion deals are also not going very well. As per reports, it is clear that Cameron Winklevoss left his spot on Gemini Europe’s board of directors, a step which came rather unexpected for the crypto market.
As per AltFi reports, which claims to have seen a Companies House filing, the crypto investors, billionaire, and entrepreneur who has been in the space for long, stepped down from his position among the board at the European arm of the crypto exchange that he and his brother founded in the year 2015. The report confirmed that as of Oct. 12, the billionaire was no longer a part of the Gemini Europe crypto exchange.
Interestingly, Cameron Winklevoss and his twin brother, Tyler Winklevoss, both remain the President and the CEO at the 14th biggest crypto exchange by market capitalization. However, it seems that since the beginning of the year 2022, the situation of the exchange has decline owing to the strong competition presented by rival exchanges like Binance, FTX, and Coinbase.
However, the news comes at a time when the exchange expanded to Europe with approval from Irish authorities and becoming the first such exchange to operate in the country. Despite this major approval, Cameron Winkewoss’ departure could signal something else. Meanwhile, the reason for the departure was not stated.
“We can confirm this change 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,”a spokesperson confirmed.
The firm had the Irish e-money license for the past six months and finally, it was approved by the authorities. It could mean that Gemini Europe is shifting its attention to other areas of expansion or maybe, there is a significant possibility of someone replacing Cameron Winklevoss. While these are all just speculations, a confirmation was recently circulated in the crypto space that a major rival of the crypto exchange, Kraken, hired Gemini’s former head of Europe Blair Halliday as its new UK managing director.
Prior to his position at Kraken’s UK expansion, Blair served at rival Gemini’s UK office as its director and it seems that there is a war on all fronts for the Winklevoss twins-led crypto exchange. Interestingly, Gemini was one of the first crypto exchanges to cut off a significant number of employees after is confirmed losses due to the prevailing crypto winter.