Former US options exchange COO joins up with the Winklevoss twins at Gemini

Second former C-level executive from the International Securities Exchange joins Gemini this summer.

The former chief operating officer (COO) of US options trading venue, the International Securities Exchange (ISE), has joined the Winklevoss twins’ digital asset platform Gemini as a managing director.

Jeanine Hightower-Sellitto worked at ISE for over a decade, moving her way up through a variety of roles before being made COO in June 2016 when the venue was acquired for $1.1 billion in June. She left ISE one year after the takeover in June 2017.

According to her LinkedIn profile, Hightower-Sellitto joins Gemini as managing director, operations.

Gemini had not confirmed the move at the time of publishing.

Hightower-Sellitto will join up with ex-colleague, Robert Cornish, who joined Gemini in July to oversee tech strategy.

Cornish was the former chief information officer for NYSE leading the exchange’s technology team for just over a year.

Prior to that, he worked with Hightower-Sellitto at the ISE in various senior roles including chief information officer and chief information security officer.

Gemini has seen significant growth over the past year and earlier this week received a major regulatory breakthrough after its dollar-linked tokens, known as stablecoins, were approved by a New York State regulator.

The New York Department of Financial Services (NYDFS) gave the greenlight on the basis that the authorised stablecoins remain “fully exchangeable for a US dollar”.

Gemini said they approval means there is now a “trusted and regulated digital representation of the US dollar that moves in an open, decentralised manner like cryptocurrencies.”

The token will allow clients to convert US dollars into Gemini dollars and withdraw them to an Ethereum address.

Prior to this Gemini also recently the first licensed exchange for cryptocurrencies Zcash, Bitcoin cash and Litecoin.

Approval from the from the NYDFS meant the exchange can offer trading and custody of Zcash, Bitcoin Cash and Litecoin, which is expected to rolled out in the coming months.

Gemini was established in 2014 by brothers Cameron and Tyler Winklevoss who are both renowned for having become two of the first Bitcoin billionaires in the world.