Crypto Exchange Gemini Sells U.K. and EU Units to KAST for Under $10 Million
By Micah Zimmerman
AI summary of the source article
Gemini has reportedly sold its shuttered U.K. and European units to Singapore-based stablecoin payments platform KAST for under $10 million. Neither company has publicly confirmed the transaction.
Key facts
- Gemini reportedly sold its shuttered U.K. and EU operations to Singapore firm KAST for less than $10 million.
- The transaction would involve leftover entities, staff, and regulatory permissions rather than Gemini's core U.S. exchange.
- The move follows Gemini's February plan to exit the U.K., EU, and Australia to cut costs and support profitability.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine Crypto Exchange Gemini Sells U.K. and EU Units to KAST for Under $10 Million A person familiar with the matter said Gemini sold its already shuttered U.K. and European operations to Singapore payments firm KAST for less than $10 million, hours before the exchange reports third-quarter results. Gemini declined to comment. This post Crypto Exchange Gemini Sells U.K. and EU Units to…