Gemini Taps Wall Street Exec to Attract Institutional Crypto Buyers

Cryptocurrency trade Gemini has employed one more Wall road govt as section of its bid to bring in additional institutional customers.

Announced in a push release, the New York-licensed trade reported that Jeanine Hightower-Sellitto – previously chief operating officer at the Nasdaq-owned Worldwide Securities Trade (ISE) – is joining the company as handling director of operations on Wednesday.

Her role will aim on “supervising Gemini’s institutional onboarding and expanding customer services crew,” the organization reported.

Prior to the new appointment, Hightower-Sellitto invested 13 decades at ISE – a major U.S. options investing system – and managed the firm’s transition following its whole acquisition by Nasdaq in June 2016 for $1.1 billion.

Gemini president Cameron Winklevoss said in the release:

“Jeanine’s depth of understanding and expertise in the economic sector would make her a worthwhile asset to our corporation and our buyers.”

Hightower-Sellitto is the hottest govt addition to the Gemini crew and her hiring arrives at a time when the crypto investing system is looking to develop its services for institutional traders.

In July, Gemini employed former chief details officer at the New York Inventory Trade, Robert Cornish, to serve as its very first chief technological innovation officer.  The trade reported at the time that Cornish would be in charge of Gemini’s technological innovation crew and approach, as effectively as overseeing deployment of a Nasdaq current market surveillance system at the company.

Searching for to guarantee traders of its reliability, Gemini also recently acquired insurance plan coverage for the digital property in its custody. Its fiat currency holdings are now included by Federal Deposit Insurance coverage Corporation.

The trade reported at the time that “people are looking for the identical amounts of insured safety they are utilised to getting afforded by traditional economic establishments.”

New York graphic by way of Shutterstock

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