Gemini Space Station Inc. (GEMI) is parting ways with three top executives, including its chief operating officer (COO), chief financial officer (CFO) and chief legal officer (CLO), the exchange revealed in a filing Tuesday.
Chief Operating Officer Marshall Beard, Chief Financial Officer Dan Chen and CLO Tyler Meade will leave effective immediately, according to the filing. Beard also resigned from Gemini’s board of directors. The company said his resignation was not the result of any disagreement related to its operations, policies or practices.
The stock fell more than 10% in early trading Tuesday, underperforming most of its peers.
The departures come just days after Gemini announced it would close its cryptocurrency exchange operations in the United Kingdom, the European Union (EU), and Australia.
The exchange said it plans to cut about 25% of its global workforce and refocus its strategy on the US market and prediction markets, marking a radical reduction just months after the company went public.
Gemini said it does not plan to name a successor chief operating officer at this time. Instead, co-founder Cameron Winklevoss will take on many of Beard’s responsibilities, including revenue-generating duties, in addition to his current role.
The board named Danijela Stojanovic, Gemini’s chief accounting officer since May 2025, as interim chief financial officer, and named Kate Freedman, currently associate general counsel and corporate secretary, as interim general counsel, effective Tuesday.
At least one other senior staff member attached to Gemini’s APAC division was also fired on Tuesday, according to a person familiar with the matter.
Gemini did not immediately respond to a request for comment from CoinDesk.
