Gemini Sells UK and European Operations to KAST for Under $10 Million

Gemini sells UK and European operations to stablecoin payments company KAST for less than $10 million, marking another step in the cryptocurrency exchange’s retreat from international markets. The transaction gives Singapore-based KAST a chance to expand its presence in two important regulated markets without acquiring Gemini’s broader business. The sale follows Gemini’s decision earlier this year to wind down operations across the UK, the European Union, and Australia as part of a broader restructuring effort. Neither company has publicly disclosed the full terms of the agreement. Gemini declined to comment, while a KAST spokesperson confirmed that the company is actively pursuing acquisitions as its revenue and international footprint grow.

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