Cryptocurrency exchange Gemini, which is led by twin brothers and crypto billionaires Cameron and Tyler Winklevoss, is expanding into Europe.
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The privately held New York-based firm has appointed a new senior management team for Europe and plans to significantly grow its footprint on the continent. In a statement, the company said it has hired Mark Jennings as its new head of European operations, and Daniel Slutzkin has been appointed head of the United Kingdom (U.K.).
Jennings was previously employed by rival crypto exchange Kraken as head of that firm’s European operations. Slutzkin joins from U.K. brokerage house Stake. Gemini has also added Vijay Selvam to the role of international general counsel, and he will be based in the U.K.
New Era in Europe
The push abroad comes after the European Union recently implemented MiCA, a new set of rules that govern companies providing cryptocurrency services in the region. Gemini said that the company sees a “new era of sustainable growth for digital assets” within Europe.
Gemini’s stock does not trade on a public exchange. However, the price of Bitcoin (BTC), the largest crypto by market capitalization, is currently trading at around $94,000, having declined from above $100,000 to start the year as concerns about resurgent inflation grip markets around the world.
Is BTC a Buy?
Most Wall Street firms don’t offer ratings or price targets on Bitcoin, so we’ll look at the cryptocurrency’s three-month performance instead. As one can see in the chart below, the price of BTC has risen 48% in the last 12 weeks.
