🏦 Gemini sells its UK and European business to KAST for less than $10 million.
📌 The deal transfers regional infrastructure and operating licenses in the UK and Europe, valued at less than $10 million.
📌 The move is part of a comprehensive restructuring strategy, following the Winklevoss brothers-founded exchange’s withdrawal from several international markets.
Competitive pressure is forcing exchanges to scale back their international presence, while cautious sentiment is spreading to institutional flows into $BTC and $ETH .
💬 Do you think Gemini is cutting its losses at the right time, or missing out on the European market?
#CryptoExchange #CryptoNews
🔗 Source: CoinDesk
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).
📌 The deal transfers regional infrastructure and operating licenses in the UK and Europe, valued at less than $10 million.
📌 The move is part of a comprehensive restructuring strategy, following the Winklevoss brothers-founded exchange’s withdrawal from several international markets.
Competitive pressure is forcing exchanges to scale back their international presence, while cautious sentiment is spreading to institutional flows into $BTC and $ETH .
💬 Do you think Gemini is cutting its losses at the right time, or missing out on the European market?
#CryptoExchange #CryptoNews
🔗 Source: CoinDesk
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).
