Gemini stock plunges after it parts ways with COO, CFO and Chief Legal Officer months after IPO

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Gemini stock plunges after it parts ways with COO, CFO and Chief Legal Officer months after IPO Crypto exchange says Marshall Beard, Dan Chen and Tyler Meade are departing effective immediately; Cameron Winklevoss to take on COO duties as board names interim finance and legal chiefs. By Olivier Acuna | Edited by Jamie Crawley Feb 17, 2026, 2:59 p.m. Make us preferred on Google Gemini co-founders Cameron and Tyler Winklevoss at White House (Jesse Hamilton/CoinDesk) What to know : Gemini Space Station Inc. is parting ways with its chief operating officer, chief financial officer and chief legal officer, with all three departures effective immediately, according to a regulatory filing. The shake-up follows Gemini's recent decision to shut down its crypto exchange operations in the U.K., the European Union, and Australia, cut about 25% of its global staff, and refocus on the U.S. and prediction markets. Co-founder Cameron Winklevoss will assume many of the departing COO's responsibilities, while the company has named interim leaders for its finance and legal roles amid broader cuts that include at least one senior APAC staff member. 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 disclosed in a filing on Tuesday. COO Marshall Beard, CFO Dan Chen and CLO Tyler Meade are all leaving effective immediately, according to the filing. Beard has 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. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . The stock fell more than 10% in early Tuesday trading , underperforming most of its peers. The departures come just days after Gemini announced it would shut down its crypto exchange operations in the U.K., European Union (EU) and Australia. The exchange said it plans to cut roughly 25% of its global workforce and refocus its strategy on the U.S. market and prediction markets, marking a sweeping retrenchment only months after the company went public. Gemini said it does not plan to appoint a successor COO at this time. Instead, co-founder Cameron Winklevoss will assume many of Beard’s responsibilities, including revenue-generating duties, in addition to his existing role. The board appointed Danijela Stojanovic, Gemini’s chief accounting officer since May 2025, as interim CFO, and named Kate Freedman, currently associate general counsel and corporate secretary, as interim general counsel, effective Tuesday. At least one other higher-level staff member attached to Gemini’s APAC division was let go on Tuesday as well, according to a person familiar with the matter. Gemini did not immediately respond to a CoinDesk request for comment. Gemini Winklevoss Twins More For You BitMine adds $90 million in ETH — Tom Lee says crypto sentiment reminiscent of 2018 and 2022 bottoms By Krisztian Sandor | Edited by Stephen Alpher 50 minutes ago The Ethereum treasury firm continues its buying spree with its largest weekly ETH purchase in token terms this year. What to know : BitMine purchased 45,759 ether (ETH) last week, lifting total holdings to 4.37 million tokens. The firm now has 3 million ETH staked, generating $176M in annualized rewards. Chairman Tom Lee said the current sentiment in crypto markets reminded him of the lows seen in 2018 and 2022. Read full story Latest Crypto News CoinDesk 20 Performance Update: Bitcoin Cash (BCH) Drops 2.2%, Leading Index Lower 34 minutes ago The hardware hurdle: Cysic and Cardano clash over the future of decentralized compute 35 minutes ago BitMine adds $90 million in ETH — Tom Lee says crypto sentiment reminiscent of 2018 and 2022 bottoms 50 minutes ago Michael Saylor's Strategy purchased $168 million in bitcoin last week 1 hour ago Banking giant Intesa Sanapolo discloses $100 million bitcoin ETF holdings, along with Strategy hedge 2 hours ago Bitcoin improvement proposal to block spam draws heat from heavyweights 2 hours ago Top Stories Bitcoin remains under pressure near $68,000 even as panic ebbs 5 hours ago BofA survey flags dollar bearish bets at over a decade high. Here's what it means for bitcoin 9 hours ago Harvard cuts bitcoin exposure by 20%, adds new ether position Feb 16, 2026 From Wall Street to Web3: This is crypto’s year of integration, Silicon Valley Bank says Feb 16, 2026 Nexo re-enters the U.S. market three years after exiting due to regulatory issues Feb 16, 2026 Ether steadies after $540 million sell wave to outperform wider crypto market Feb 16, 2026