Gemini to exit U.K., EU and Australia, cut 25% of staff and refocus on U.S. and prediction markets

Gemini announced it will exit the United Kingdom, the European Union and Australia, placing U.K. customer accounts into withdrawal-only mode from March 5 and formally ending U.K. operations on April 6, 2026 ^[2][1].

The company said it will reduce global headcount by about 25%—roughly 200 jobs in some reports—and described the changes as a strategic restructuring to concentrate operations in the United States ^[3][4][5][6].

Gemini has instructed affected customers to move assets to external wallets or partner platforms; the exchange specifically told some users to sign up with eToro by the end of March to facilitate withdrawals. Deposits and new account openings in the impacted regions have been suspended ^[1][2].

Company communications say the pullback is part of a refocus on the U.S. market and new product areas such as prediction markets, while tightening operations abroad ^[1][6].