KAST reportedly buys Gemini’s shuttered UK and EU arm for under $10 million
AI summary
Stablecoin firm KAST has reportedly acquired Gemini's shuttered UK and EU operations for under $10 million, according to a report. No deal has been formally announced, but a KAST job listing describes moving Gemini's UK and EU staff to KAST and integrating the acquired entities. The transaction signals continued consolidation among crypto firms exiting or scaling back European operations, though the modest price limits its market-wide significance.
