Gemini (GEMI) Exiting U.K., EU, Australia; 25% Staff Reduction, Shifts Focus to U.S. Prediction Markets

Gemini Space Station Inc. (GEMI) is ceasing operations in the United Kingdom, the European Union, and Australia, effective 6 April 2026. Starting 5 March 2026, accounts in these regions will be placed in withdrawal mode, with full closures to follow. The exchange is reducing staff by 25% and focusing resources on the U.S. and its prediction markets. Gemini will partner with eToro to assist customers in offboarding assets. The company attributed the move to limited traction in the U.K., EU, and Australia, while emphasizing strength in the U.S. and看好 prediction markets. Over 10,000 users have traded more than $24 million in Gemini Predictions since its December 2025 launch. Gemini’s shares have declined about 23% since the start of 2025, closing at $2.8% on Thursday amid broader weakness in crypto-linked equities.