Shares of GEMI fell about 14% to around $6.50 on Tuesday after Gemini Space Station, a U.S.-based cryptocurrency exchange, said three top executives were leaving.
The company revealed in a new 8-K filing that Chief Operating Officer Marshall Beard, Chief Financial Officer Dan Chen and Chief Legal Officer Tyler Meade all stepped down effective immediately. Beard also resigned from the board, though his resignation “was not the result of any disagreement,” the filing reads.
Gemini currently ranks 19th among centralized exchanges (CEXs), with about $31.9 million in 24-hour trading volume, according to CoinGecko.
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