The Gemini cryptocurrency exchange hired Robert Cornish from the New York Stock Exchange to serve as its first chief technology officer, making it the latest digital-asset business to bring in an executive with expertise serving professional investors and traders.
At the NYSE, Mr. Cornish’s duties included overseeing Pillar, an ambitious project to overhaul the Big Board’s aging electronic trading platforms. He was hired by the stock-exchange operator in 2016 after the first phase of the Pillar launch was marred by repeated delays and glitches.
Gemini CEO Tyler Winklevoss said.
“He will ensure that Gemini continues to deliver the best platform experience to our customers as possible and set the standards of excellence for the cryptocurrency industry as a whole,”
Numerous Coinbase employees previously worked at NYSE, including Christine Sandler and Eric Scro. Both Gemini and Coinbase have been building out their exchange venues to look more like established stock trading venues.
Cornish will start work at Gemini later this month and will oversee Gemini’s technology team and strategy. He’ll also manage the deployment of Nasdaq’s SMARTS Market Surveillance technology, which will allow the exchange to monitor transactions across its order books and identify illicit activity.
The cryptocurrency industry has a long list of things to improve before large investors feel comfortable diving in, and attracting talent from conventional markets could help it get there. Building professional-grade technology is one of the more important tasks. The Kraken cryptocurrency exchange recently hired Jump Trading’s Steve Hunt as vice president of engineering, bringing on a tech expert who draws on a long career in traditional assets.
Also Read: Winklevoss Brothers Win The Crypto ETF (Exchange-Traded-Fund) Patent
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