Potential buyers are circling Winklevoss-backed crypto exchange Gemini

What Happened

Multiple potential buyers are evaluating acquisitions of Gemini's European and UK crypto exchange operations, according to sources familiar with the matter. Buyers seek regulatory licenses in these jurisdictions rather than acquiring the entire Nasdaq-listed company. Gemini shut down European, UK, and Australian operations in February while cutting 25% of its workforce. The firm offers trading, custody, staking, and payment services. Regulatory approvals in Europe and UK typically require years.

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