In brief
- Gemini is exiting the European Union, United Kingdom, and Australia.
- Users will have two months to withdraw or transfer their funds before accounts are closed.
- The firm is also laying off 25% of its staff as it streamlines operations and shifts focus to opportunities like prediction markets.
Publicly traded crypto exchange Gemini (GEMI) is closing shop in the United Kingdom, European Union, and Australia and cutting a quarter of its employees, the firm announced on Thursday.
The move aims to reduce Gemini’s operating expenses and improve its path to profitability, while allowing it to “focus” on what it said are clearer opportunities like prediction markets.
“Gemini started in America in 2015. Since then, we…
Feb 07 2026
