Gemini Slashes Workforce and Exits Australia in Bid to Survive Crypto Slump
- Gemini will cut about 200 roles and exit multiple international markets to reduce costs.
- Operations will concentrate on the U.S. and Singapore amid prolonged crypto market weakness.
- The exchange is increasingly prioritising prediction markets following its latest restructuring.
Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, is planning to reduce its global workforce by around 200 roles, representing roughly 25% of staff, as part of a broad cost-cutting effort. The company said the layoffs will affect employees across multiple regions, including Europe, the United States and Singapore.
Alongside the job cuts, Gemini has approved plans to wind down operations in the United…
