Catenaa, Tuesday, February 24, 2026- Gemini announced Tuesday that Chief Operating Officer Marshall Beard, Chief Financial Officer Dan Chen, and Chief Legal Officer Tyler Meade will depart the crypto exchange, marking a significant executive reshuffle.

All exits take effect Feb. 17, with Beard also resigning from the board. The company said the departures are not due to disagreements over operations or policies.

Co-founder Cameron Winklevoss will assume many of Beard’s responsibilities, including revenue-generating functions. Interim appointments include Chief Accounting Officer Danijela Stojanovic as CFO and associate general counsel Kate Freedman as general counsel.

ETF analyst James Seyffart described the changes as a “big shakeup” at the firm.

Shares of Gemini Space Station (GEMI) fell roughly 9% in premarket trading to $6.90 following the filing. The stock hit an all-time low near $6.50 last week amid broader weakness in crypto-related equities.

Investor concerns about the company’s path to profitability have intensified with the leadership changes.

Preliminary unaudited results indicate that monthly transacting users grew roughly 17% year-over-year to about 600,000, while net revenue is expected to reach $165 million–$175 million, up from $141 million in 2024.

However, operating expenses are projected at $530 million, contributing to adjusted EBITDA losses of approximately $260 million and net losses approaching $600 million for 2025.