Gemini to halt operations in UK, EU, and Australia

Gemini is withdrawing from the UK, European, and Australian markets and cutting its workforce by 25% to focus on its U.S. operations and the prediction market sector, CoinDesk reported. The move is part of a plan to exit less profitable regions in light of current regulatory and market conditions. Customer accounts in these regions will be converted to withdrawal-only mode starting March 5, with all support set to be discontinued on April 6.