COINDESK · 2026-11-12 09:07 UTC

Gemini sells UK and European operations to stablecoin payments firm KAST for under $10 million

Gemini Space Station (GEMI), operator of the crypto exchange founded by the Winklevoss twins, sold its U.K. and European operations to stablecoin payments firm KAST for below $10 million, according to an anonymous source. Gemini declined to comment; KAST said it is actively pursuing M&A as its revenue and footprint grow. The sale follows Gemini's February plan to wind down U.K., EU and Australian operations and cut about 25% of its global workforce, while keeping its U.S. and Singapore businesses.

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