BEARISH 55 CoinDesk 43M ago · 1 min read

Gemini offloads UK and Europe business to KAST for under $10 million

AI summary

Gemini has sold its UK and European operations to stablecoin payments firm KAST for under $10 million. The deal comes as the Winklevoss-founded exchange pulls back from several overseas markets while restructuring. The low price signals a shrinking international footprint for Gemini, a bearish signal for its competitive position in Europe even as it refocuses domestically.

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