Gemini Hires New CFO Ahead of Potential IPO

Gemini has appointed a new chief financial officer (CFO) as it reportedly prepares for a potential potential initial public offering (IPO).

In a tweet, the cryptocurrency exchange revealed that Dan Chen will take on the new role. Chen previously served as vice president of capital markets at Affirm.

"Crypto is the most dynamic sector in finance and Gemini is at the forefront of this revolution — making it simple and secure to engage on the digital asset frontier," Chen tweeted.

Welcome aboard the spaceship 🚀 https://t.co/np3PIzohca

As CFO, Chen will work closely with the Gemini founders Cameron and Tyler Winklevoss to further scale the business, providing strategic financial leadership. His expertise in capital markets is expected to be instrumental in navigating the complexities of the IPO process.

According to his LinkedIn profile, Chen has been working at Gemini for the past three months. He also serves as an independent director of Relm Insurance and is an advisor at Goalsetter.

Earlier this month, Gemini confidentially filed for an IPO. Gemini is reportedly working with Goldman Sachs and Citigroup and while no final decision has been made, a public listing could happen as soon as this year.

The move comes one month after Gemini was reported to have begun discussions with potential advisors regarding a public listing. Gemini’s consideration comes amid enthusiasm in the crypto industry following Donald Trump’s victory at the polls. Ahead of the US election, Tyler Winklevoss was staunchly against Democratic Party candidate Kamala Harris and her "crypto reset" campaign.

Since Trump’s inauguration, the twins have expressed support for the President’s new initiatives. Cameron Winklevoss praised Trump’s Elon Musk-led Department of Government Efficiency (DOGE) and its potential to address inflation and inequality.

"The importance of Doge goes well beyond reigning in absurd government spending," he wrote on X. "It will lead to a decline in inflation which is a silent tax on all Americans that confiscates wealth and is also regressive, impacting low-income folks the most."

Other crypto firms have also shown interest in going public, including, Kraken, Circle, Bullish, and Blockchain.com.