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.
COO Marshall Beard, CFO Dan Chen and CLO Tyler Meade are all leaving 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 a 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 the closure of its cryptocurrency exchange operations in the United Kingdom, European Union (EU), and Australia.
The exchange announced plans to cut about 25% of its global workforce and refocus its strategy on the U.S. and prediction markets, marking a sharp pullback just months after the company went public.
Gemini said it is not considering naming a successor to COO 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-level staffer 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.
