defi ·
Gemini sells UK, European operations to KAST for under $10 million
KAST, a firm specializing in stablecoin payments, has acquired Gemini's UK and European business operations for a sum less than ten million dollars.
This divestiture occurs as the cryptocurrency exchange, which was established by the Winklevoss brothers, undertakes a restructuring of its enterprise and pulls back from various international territories.
This strategic shift by Gemini reflects a broader trend among established market participants to refine operational footprints in response to evolving regulatory and market dynamics across different jurisdictions.
