Cryptocurrency exchange Gemini has hired a new chief financial officer (CFO) as it prepares to hold an initial public offering (IPO) later this year or in early 2026.
The New York City-based company, which was founded and is run by twin brothers Cameron and Tyler Winklevoss, has hired Dan Chen as their new CFO.
Chen previously worked as vice-president of capital markets at buy now, pay later concern Affirm Holdings (AFRM).
On social media, Chen said he has been hired to work alongside the Winklevoss brothers to help scale the crypto exchange that enables investors to trade everything from Bitcoin (BTC) to Dogecoin (DOGE).
The hiring of a new CFO comes amid speculation that Gemini is preparing to go public through an IPO, which would provide the crypto exchange with greater access to capital.
An IPO has not been announced by Gemini and no date has been set for the company’s public debut on a U.S. stock exchange.
However, Gemini would be one of many crypto companies to go public in the U.S. this year or next.
Other crypto firms said to be considering an IPO include Kraken, Circle, Bullish and Blockchain.com
New Gemini CFO Chen is said to have extensive experience in financial strategy and preparing companies to go public, which comes with financial disclosure requirements.
The Winklevoss brothers are known for their involvement in founding Facebook at Harvard University.
The twins took a $65 million U.S. settlement that received from Facebook and used it to buy Bitcoin early on and found the Gemini cryptocurrency exchange.
