Crypto exchange Gemini onboards ex-Affirm exec ahead of IPO

The Winklevoss-founded crypto exchange Gemini has hired a new chief financial officer as it seeks going public by 2026.

Crypto exchange Gemini has appointed Dan Chen as chief financial officer as it moves closer to a potential public listing on Nasdaq. Chen, who previously worked at Affirm Inc. as a vice president of its capital markets and bank partnerships, announced his new role in a Monday post on X.

The New York-headquartered crypto exchange, backed by twins Cameron and Tyler Winklevoss, has been working with Goldman Sachs and Citigroup on a possible public offering that could happen as soon as this year, though no final decision has been announced so far.

Gemini recently settled regulatory issues, including a $5 million payment to end a Commodity Futures Trading Commission lawsuit. It also agreed to return at least $1.1 billion to customers affected by Genesis Global Capital’s bankruptcy. Due to asset appreciation, some users received over $2 billion in crypto, according to a company statement.

Gemini, which operates offices in New York, Seattle, Singapore, London, and Dublin, has grown to more than 500 employees. As crypto.news noted earlier, the twins have been vocal in their support of U.S. President Donald Trump during the election cycle. His return to the White House is widely viewed as a positive development for the crypto industry.

With the recent regulatory tailwinds, a successful Gemini IPO could signal a new wave of public offerings in the crypto sector, potentially attracting significant interest from investors eager to capitalize on the evolving digital assets landscape.