Gemini’s stock fell 15% after the CEOs left
Shares of Gemini Space Station (GMI), which operates the Gemini crypto exchange, fell 15 percent in Tuesday's trading session after the company announced the departure of top executives.
According to the new SEC filing, Gemini is parting ways with chief operating officer Marshall Beard, chief financial officer Dan Chen and chief legal officer Tyler Mead with interim support expected to begin on Feb. 17, 2026.
Beard, who has worked at the crypto company for more than seven years, has stepped down from the board, and operations will be handled by Gemini co-founder Cameron Winklevoss, with no new COO named.
Gemini has appointed Danijela Stojanovic as interim CFO and Kate Friedman as interim general counsel.
A leadership upheaval comes as the organization makes a dramatic strategic retreat. Earlier this month, the exchange said it was cutting jobs in the UK, EU and Australia, eliminating around a quarter of its workforce.
Following its Nasdaq debut last September, Gemini is reshaping its operations to focus on the US. The company is adopting AI to boost productivity and boost the growth of its forecasting market as well as 401(k) crypto integration.
