In a significant move to bolster its presence in the European market, crypto exchange Gemini has announced a new senior management team dedicated to the region. This strategic development, outlined in a press release on Thursday, sets the stage for substantial expansion plans slated for 2025.
At the helm of this new team is Mark Jennings, who has been appointed as the head of Europe. Jennings arrives with a wealth of experience from his previous role as the Chief Operating Officer for European operations at rival exchange Kraken. His expertise is expected to guide Gemini through the intricacies of the evolving European regulatory landscape.
In addition to Jennings, Daniel Slutzkin has been named head of the U.K., transitioning from his previous position at U.K. broker Stake. This dual leadership aims to enhance Gemini’s operational strength and strategic direction across key European markets.
Further strengthening the team, Vijay Selvam has taken on the role of international general counsel, also based in the U.K. He joins from Gemini’s Asia-Pacific team, bringing with him a vital understanding of global regulatory frameworks. Selvam’s responsibilities will include leading the company’s licensing and regulatory strategy in both Europe and the U.K., ensuring compliance with the upcoming regulatory changes.
The urgency of these developments is heightened by the European Union’s deadline of December 30 for member states to implement the Markets in Crypto-Assets (MiCA) regulation, a significant regulatory framework for companies providing crypto services in the region. Jennings emphasized the importance of this timing, stating, “Joining the team at this transformative time is a unique opportunity and shows that Gemini is serious about our commitment to Europe.”
He further remarked on the broader implications for the industry, noting that the regulatory frameworks emerging in the EU and the U.K., including MiCA and the Financial Conduct Authority’s forthcoming crypto roadmap, herald a new era of sustainable growth for digital assets.
As Gemini prepares for its next chapter in Europe, the focus on compliance and regulatory alignment positions the company to thrive in a rapidly changing digital asset landscape.
For further insights into the implementation challenges of MiCA, read more here.
