Gemini co-founder Cameron Winklevoss has stepped down from the board of the company’s European unit, AltFi reports.
At the same time, Jillian Lynch, the new head of the Ireland and EU operation, took Blair Holliday’s seat on the board. Earlier he joined the competing platform Kraken.
“We confirm that we have filed with the Registry changes regarding local management and the board, reflecting Gemini’s growth in the UK and Europe. Cameron and Tyler Winklevoss remain in their posts as president and chief executive of Gemini,” the exchange’s official spokesperson said.
In March the company received an electronic money licence in Ireland.
Earlier in June Gemini faced claims from the U.S. Commodity Futures Trading Commission. The IRA Financial Trust platform also filed a lawsuit against the exchange.
Against the backdrop of the crypto market rout, the company cut its staff by 10%. In July, media reported a second wave of layoffs at Gemini.
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