🚨 GEMINI JUST SOLD ITS EUROPEAN BUSINESS!
The Winklevoss-founded exchange sold its U.K. and EU operations to stablecoin payments firm KAST for under $10M, per CoinDesk.
Gemini quit the U.K., EU and Australia in February and cut ~25% of staff to focus on the U.S. and Singapore.
Why is this a big deal? EU and U.K. crypto licenses can take years to win. Buying a shuttered unit is a shortcut for fast-growing stablecoin players.
Is Europe turning into a stablecoin battleground? 👇$SOL
The Winklevoss-founded exchange sold its U.K. and EU operations to stablecoin payments firm KAST for under $10M, per CoinDesk.
Gemini quit the U.K., EU and Australia in February and cut ~25% of staff to focus on the U.S. and Singapore.
Why is this a big deal? EU and U.K. crypto licenses can take years to win. Buying a shuttered unit is a shortcut for fast-growing stablecoin players.
Is Europe turning into a stablecoin battleground? 👇$SOL
