Gemini Lays Off 25%, Shifts Focus to U.S. Market Expansion

Major Restructuring: Gemini Focuses on U.S. Strategy

Cryptocurrency exchange Gemini has announced a significant shift in its business approach, cutting around 25% of its workforce. The decision aims to concentrate resources on strengthening its position in the U.S. market amid evolving industry dynamics.

Scaling Back International Operations

In a recent statement, Gemini revealed it will cease operations in the UK, European Economic Area, and Australia. This move reflects a broader strategic reassessment, with the company refocusing efforts on its core U.S. market.

• Layoff percentage: 25%
• Markets exiting: UK, EEA, Australia
• Strategic focus: U.S. expansion

Looking Ahead

While scaling back globally, Gemini remains committed to delivering secure and compliant crypto services to U.S. users and exploring new opportunities within the domestic market.