Gemini to exit U.K., EU and Australia, reduce staff by 25%, and focus on U.S. and prediction markets

Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has announced a strategic decision to exit its operations in the United Kingdom, European Union, and Australia. In conjunction with this move, the company plans to implement a significant reduction in its workforce, with a goal of cutting staff by 25%. This decision reflects a shift in focus toward the United States market, where it aims to strengthen its presence and better serve its customers. Additionally, Gemini is set to concentrate its resources on developing and expanding its prediction markets, which allow users to speculate on future events, thereby positioning itself for long-term growth in these key areas. source: https://www.coindesk.com/markets/2026/02/05/gemini-to-exit-u-k-eu-and-australia-reduce-staff-and-focus-on-u-s-and-prediction-markets