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Home BlockchainCrypto Exchange Gemini Slashes Jobs Amid Exit From Europe, Australia
Blockchain

Crypto Exchange Gemini Slashes Jobs Amid Exit From Europe, Australia

by Decrypt
written by Decrypt 0 comments
Crypto Exchange Gemini Slashes Jobs Amid Exit From Europe, Australia

In brief

  • Gemini is exiting the European Union, United Kingdom, and Australia.
  • Users will have two months to withdraw or transfer their funds before accounts are closed.
  • The firm is also laying off 25% of its staff as it streamlines operations and shifts focus to opportunities like prediction markets.

Publicly traded crypto exchange Gemini (GEMI) is closing shop in the United Kingdom, European Union, and Australia and cutting a quarter of its employees, the firm announced on Thursday.

The move aims to…

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