Karl Meli reflects after Gemini role affected by global restructuring

When Gemini announced in 2025 that it would be relocating operations to Malta, the move was seen as another signal of the island’s growing relevance within the digital assets and blockchain space.

Just over a year later, the cryptocurrency exchange founded by Cameron Winklevoss and Tyler Winklevoss is scaling back its global footprint as part of a wider restructuring exercise that will see up to 200 roles cut worldwide, according to international reports.

Among those impacted is Karl Meli, who took to LinkedIn to share that his role at the company has been affected.

Mr Meli, who had been serving as Head of Custody at Gemini for the past five months, said he would be “taking a short breather to reflect and consider my next move,” adding that he remains grateful for the experience and the people he worked with during his time there.

“Even though the stint was brief, I’m genuinely grateful for the experience and the people I had the privilege to work with. Looking forward to what comes next,” he wrote.

Before joining Gemini, Mr Meli spent some years at Payhound, where he held the roles of Head of Operations and Operations Manager.

Gemini’s restructuring comes as the company reportedly exits or reduces operations across several jurisdictions, including the UK, EU and Australia, as it repositions its international strategy.