Gemini Exits Europe, UK, and Australia to Double Down on the US

[chainsniff]

Crypto exchange Gemini announced it is pulling out of the UK, EU, and Australia, cutting 25% of its workforce as it refocuses on the US market.

The company cited AI-driven automation, rising operational complexity, and weaker demand outside the US as key reasons for the move. In its announcement, Gemini was blunt: “America has the world’s greatest capital markets.”

The exit comes amid a broader crypto downturn and regulatory uncertainty following the stalled CLARITY Act, underscoring how challenging global expansion has become for exchanges.

#Gemini #CryptoExchanges #Regulation #USMarkets

[etfs]

“ai made us 100x more efficient” is starting to sound like the new “due to macro conditions”