Winklevoss’ Gemini Onboards Another Wall Street Executive

Crypto exchange Gemini has appointed a former Nasdaq subsidiary executive to lure in more institutional investors.

US-based cryptocurrency exchange Gemini, founded by entrepreneur twins Cameron and Tyler Winklevoss, has tapped a former Nasdaq subsidiary executive in a bid to attract more institutional clients.

Gemini said in a blog post on Wednesday that Jeanine Hightower-Sellitto is joining the firm as managing director of operations to lead the company’s client services team, “supervising Gemini's institutional onboarding and expanding client services team.”

Hightower-Sellitto spent 13 years at the International Securities Exchange (ISE), an options trading platform acquired by Nasdaq in 2016 for $1.1 billion. At ISE, she held multiple leadership positions in business development, product management and relationship management. Most recently, Hightower-Sellitto served as chief operating officer at ISE, at which role she was responsible for the company’s transition to Nasdaq.

“Scaling a New York trust company in one of the fastest growing industries in the world carries with it unique challenges — challenges that Jeanine’s deep background in marketplaces and leading high-achieving operational teams will help us navigate as we sail the Gemini Spaceship towards the moon,” Gemini’s blog post read.

Hightower-Sellitto is not the first high-ranking Wall Street professional hired by Gemini. In July, the exchange appointed Robert Cornish, a top executive from the New York Stock Exchange (NYSE), as chief technology officer (CTO).

Omniex partnership

Gemini made a separate announcement on Wednesday regarding a new partnership with Omniex, an institutional investment and trading platform for crypto-assets. The two companies are cooperating to cross-connect in Equinix’s low-latency NY5 data center.

The partnership will deliver the connectivity, features and high-performance trading experience institutional investors need, but was previously missing in the world of crypto investing, the press release states.

“Omniex shares our core philosophy that technology must be purpose-built for institutional investors to address the regulatory and market challenges they face in crypto assets. As our ecosystem continues to mature, it will be vital to work with firms that understand the intricacies of institutional operations, while delivering best-in-class technology that empowers investors,” Gemini CEO and co-founder Tyler Winklevoss said.

Bolstering its commitment to provide a safe and secure trading platform, Gemini also recently secured insurance coverage for the digital assets it holds in custody, thus complementing the already available US dollar fund coverage provided by Federal Deposit Insurance Corporation (FDIC).