Stablecoin Firm KAST Buys Gemini’s Shuttered UK and EU Arm for Under $10 Million, Report Says

KAST , a Singapore startup that offers stablecoin accounts and payment cards, has bought Gemini’s UK and European operations for less than $10 million , according to a CoinDesk report Thursday. The outlet’s information came from one person familiar with the matter who asked not to be named. Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss and listed on Nasdaq under its holding company Gemini Space Station (GEMI), did not immediately respond to a request for comment from Unchained. A KAST spokesperson told Unchained: “We are actively in the market for M&A, as our revenue and footprint grows. But we cannot comment at this time.” Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter .

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