Gemini Space Station Inc. (GEMI) shares tumbled more than 10% in early Tuesday trading after the crypto firm announced the immediate departures of three senior executives — a dramatic shake-up just months after its IPO. In a regulatory filing, Gemini said COO Marshall Beard, CFO Dan Chen and Chief Legal Officer Tyler Meade have all left the company effective immediately. Beard also resigned from the board; the company said his resignation “was not the result of any disagreement related to the company’s operations, policies or practices.” The exchange did not name a permanent replacement for Beard. The executive exits follow a string of recent retrenchments at Gemini. Earlier this week the company revealed plans to shutter its crypto exchange operations in the U.K., EU and Australia, cut roughly 25% of its global workforce, and pivot its strategic focus toward the U.S. market and prediction markets. The moves signal a significant pullback from international retail operations only months after the firm went public. Leadership changes and interim appointments - Co-founder Cameron Winklevoss will absorb many of Beard’s responsibilities — including revenue-generating duties — in addition to his existing role. - The board named Danijela Stojanovic, Gemini’s chief accounting officer since May 2025, as interim CFO. - Kate Freedman, associate general counsel and corporate secretary, was tapped as interim general counsel, effective immediately. At least one additional senior staff member tied to Gemini’s APAC operations was also let go, according to a person familiar with the matter. Market reaction and what’s next Investors punished the news quickly, with GEMI lagging most peers on Tuesday morning. The leadership exits come amid an aggressive reorientation of the business that could reshape Gemini’s product mix and regional footprint going forward. How permanent the executive departures are and whether further senior changes are forthcoming remains unclear. Gemini did not immediately respond to a CoinDesk request for comment. Read more AI-generated news on: undefined/news

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