Winklevoss twins sell UK and Europe Gemini operations, report

The parent company behind Winklevoss-owned crypto exchange Gemini has reportedly sold its UK and European operations to stablecoin firm KAST. As reported by CoinDesk, an anonymous source familiar with Gemini Space Station’s deal said the operations were sold for less than $10 million. Gemini announced it would withdraw from the UK, Europe, and Australian markets last February as part of cost-cutting measures that also saw 25% of its workforce fired . Gemini operations bought by $600M firm Singapore-based KAST was co-founded by former Circle executive Raagulan Pathy and fintech specialist Daniel Bertoli. It raised $80 million in a funding round this year, where it was valued at $600 million.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Protos.