Crypto Exchange Gemini, founded by the Winklevoss Twins, appointed Dan Chen as the new Chief Financial Officer as it prepares for an Initial public offering.
Dan Chen previously worked at Affirm, MetLife Investments, and Morgan Stanley and will manage the exchange’s financial department.
The New CFO announced his appointment on his X page, sharing his excitement about being part of the Gemini Story.
“I’m thrilled to announce that I’ve joined @Gemini as its Chief Financial Officer. I will work alongside @cameron, @tyler, and the incredible team at Gemini to unlock the next era of personal, financial, and creative freedom. Crypto is the most dynamic sector in finance, and Gemini is at the forefront of this revolution, making it simple and secure to engage in the digital asset frontier.” Dan said.
His job description includes driving the financial strategy of the exchange as it heads toward an Initial Public Offering.
Gemini’s Proposed IPO
Reports indicate that Gemini has taken concrete steps toward going public. Bloomberg reported on March 7th that the exchange filed confidentially for an IPO in the U.S. and was working with major banks Goldman Sachs and Citigroup to manage the offering.
Read More: Gemini, Backed by Winklevoss Twins, Files for an IPO
This followed earlier speculation in February 2025, when Bloomberg noted Gemini was considering an IPO as soon as this year, though no final decisions were confirmed.
The exchange has backed up its intentions with recent hirings. Dan Chen, a former Affirm executive, was hired to head financial strategy as the CFO.
Gemini’s IPO plans align with a broader wave of crypto firms eyeing IPOs, facilitated by a more favorable regulatory climate under the Trump administration.
An Initial Public Offering (IPO) is when a private company first sells its shares to the public, becoming a publicly traded entity on a stock exchange like the NYSE or Nasdaq. Companies do this to raise money by offering ownership stakes and stocks to investors.
The timeline of the IPO remains unknown, but it will occur between 2025 and 2026. Other details, like valuation and share structure, are still confidential at the time of this report.
