Gemini reportedly sells UK and European operations to KAST for under $10m
CRYPTO NEWSGeminicoinbrief/daily · 1 source
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What happened
Gemini's parent company has reportedly sold its UK and European operations to stablecoin firm KAST for less than $10 million, according to an anonymous source. Gemini announced last February that it would exit the UK, Europe and Australia, alongside cuts that removed 25% of its workforce. Gemini's GEMI shares have reportedly fallen almost 93% since its 2025 IPO, to $2.72.
For IT people · Written by AI from 1 source · Wrong?
What to do
- Check whether you use Gemini's UK or European services, since the exchange announced its withdrawal from those markets last February.
- Watch for official confirmation of the sale from Gemini or KAST, as the reports so far rely on an anonymous source.
Written by AI from the sources, checked against them
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