Gemini Undergoes Executive Shakeup as Costs Outpace Revenue
Gemini is parting ways with its CFO, COO, and CLO in a major leadership reshuffle as rising operating costs continue to pressure profitability.
Gemini is parting ways with its CFO, COO, and CLO in a major leadership reshuffle as rising operating costs continue to pressure profitability.
Gemini’s decision to withdraw from the UK, EU, and Australia has intensified industry concerns that slow, overlapping regulation is undermining Britain’s crypto hub strategy.
Mizuho analysts say Gemini’s exit from overseas markets and workforce cuts could accelerate profitability and drive significant upside for GEMI shares.
Crypto exchange Gemini is withdrawing from the UK, EU, and Australia while cutting 25% of its staff to refocus on the US and prediction markets.
The Philippines has begun blocking access to Coinbase and Gemini as regulators intensify enforcement against crypto platforms operating without local licenses.
Gemini has rolled out prediction markets across all 50 US states through its affiliate Gemini Titan. The launch follows approval from the CFTC to operate as a designated contract market.
Ripple has joined forces with Mastercard, Gemini, and WebBank to enable RLUSD stablecoin settlement for credit card transactions, marking a milestone in blockchain-based payments.