Gemini Shifts Focus: Exiting U.K., EU, and Australia Amid Staff Cuts

Gemini announces plans to exit U.K., EU, and Australia, reducing workforce by 25% to concentrate on U.S. markets and prediction ventures.

Gemini, the prominent cryptocurrency exchange, has made the strategic decision to withdraw from the U.K., European Union, and Australian markets. This significant shift will also involve a reduction of its workforce by 25% as the company narrows its focus towards the U.S. market and prediction markets.

As part of this transition, affected customers have been advised to register with eToro to facilitate withdrawals before the end of March. Meanwhile, Gemini has halted both deposits and the creation of new accounts as it implements these changes.