Gemini Crypto Exchange Expands to EU With New Region Head

Key Points:

• Gemini crypto exchange appointed Mark Jennings as head of Europe, Daniel Slutzkin to lead its UK operations, and Vijay Selvam as international general counsel.
• The exchange is trying to comply with the EU’s new Markets in Cryptoassets (MiCA) regulations and the UK’s upcoming crypto licensing framework.

Gemini Trust, a cryptocurrency exchange founded by twins Cameron and Tyler Winklevoss, announced key leadership hires in Europe as the European Union implements its landmark regulation of digital assets.

Read more: Gemini Payment License in Singapore Has Now Received Approval

Gemini Crypto Exchange Bolsters European Leadership as It Plans Expansion

Bloomberg reports that Mark Jennings will assume the position of head at the Gemini crypto exchange in Europe. Previously, Jennings was at Kraken, where he managed the derivatives platform and was also the chief operating officer for Europe. His experience also includes stints at Citigroup, TP ICAP Group, and Credit Suisse.

Gemini also appointed Daniel Slutzkin, the former Stake executive, to lead its UK operations. According to filings on Companies House, Slutzkin joined the board of Gemini’s UK entities in December. Vijay Selvam, who had previously served as general counsel for Asia Pacific, moved to London and became the general counsel for International Business for Gemini.

Focus on Compliance with the EU and UK Crypto Regulations

These appointments come at a time when cryptocurrency exchanges in the EU are getting ready to comply with the bloc’s Markets in Cryptoassets (MiCA) regulations, which began full implementation in December. Gemini crypto exchange has already started expanding in the region, launching its operations in France in November.

Regulators in the UK are stepping up oversight, too. The FCA proposed a new crypto licensing framework in November, with final rules expected next year. Slutzkin is the fourth head of Gemini’s UK business in less than five years. He replaces Stephanie Ramezan, who left the firm in March 2023.

This is part of a broader European push by Gemini after a rough patch in the US, where it recently settled with the Commodity Futures Trading Commission and agreed to pay a $5 million settlement over claims of giving false information on Bitcoin futures.