Gemini, the US-based cryptocurrency exchange founded in 2015, announced it will exit operations in the United Kingdom, European Union, and Australia while reducing its workforce by 25%. The company said it plans to concentrate resources on the US, citing deeper capital markets and lower operational complexity.
Management attributed the decision to limited demand in overseas markets, rising regulatory and operational costs, and increasing use of artificial intelligence to automate work and boost engineering productivity. Gemini said maintaining a global footprint had stretched the organization and slowed execution during a difficult period for digital asset markets.
The exchange will prioritize the growth of Gemini Predictions, its prediction market platform launched in December 2025, which has attracted more than 10,000 users and $24 million in trading volume. The shift comes amid a broader crypto downturn and slowing regulatory progress in the US, reinforcing Gemini’s focus on fewer, higher-conviction business lines.
