The Winklevoss twins revealed that Julian Sawyer, former co-founder and COO of the UK-based Starling Bank, will join the Gemini team and help exchange’s strategy for the region as well as manage European hiring.
Winklevoss twins expand into Europe amid regulatory pushbacks.
The US-based crypto exchange, Gemini, will arrive in the UK as authorities plan to ban derivatives on cryptocurrencies for retail investors. The Financial Conduct Authority announced in June that that crypto derivatives trading is like gambling. Gemini wrote in its official announcement that Europe is the birthplace of modern financial markets, and the UK has been a global financial capital of innovation for hundreds of years.
Gemini continues to hire executives from top firms.
Over the past 18 months, Gemini has hired several top executives from well-established firms, including Google, New York Stock Exchange. The exchange also hired Jeanine Hightower-Sellitto, the former COO at the Nasdaq-owned International Securities Exchange. Mr.Sawyer believes that the world of crypto and digital exchanges is at a pivotal point. He added that the new uses for the digital assets would be found as they become more mainstream and which will take time.
Earlier, Gemini was ranked number 1 by the Cryptocompare in the list of over 166 crypto exchanges in the world.
