Winklevoss twins hire NYSE executive for top tech role at Gemini

July 09, 2018
Chris Wheal

Gemini, the cryptocurrency exchange owned by the Winklevoss twins, has hired Robert Cornish as its chief technology officer.

Crypto exchanges increasingly looking to recruit from traditional markets

Cornish, who was formerly New York Stock Exchange’s chief information officer, joins Gemini Trust, founded by Cameron and Tyler Winklevoss, later this month.

Move from Wall Street

The move reflects a growing number of technology executives making the move from Wall Street and other traditional financial centres to the digital markets, as cryptocurrency exchanges look for greater legitimacy.

Primary market investors still see regulatory risk as main reason for staying wary of cryptocurrencies.

To address this, and other issues of trust, many exchanges have made attempts at bringing greater legitimacy to their endeavours by attaching themselves – through acquisition – to regulated brokerages.

Increasing trust

The process of attracting known talent from the mainstream exchanges and market operators is another way they are now finding to increase trust in cryptocurrency exchanges.

Indeed, CNBC reported earlier this year that former Goldman Sachs executive Richard Kim had been hired as chief operating officer at Mike Novogratz’s Galaxy Digital.

Also ditching Golman this year was Michael Bucella, who departed for BlockTower Capital, a crypto firm founded by former Goldman vice president Matt Goetz.

Tyler Winklevoss comments

Tyler Winklevoss said in a statement: “Robert will ensure that Gemini continues to deliver the best platform experience to our customers possible and set the standards of excellence for the cryptocurrency industry as a whole.

“Rob is globally recognised for his abilities in leading high-performing engineering teams, his expertise in exchange and matching-engine architecture, and running high-throughput platforms that are both secure and resilient.”

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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