{"id":71169,"date":"2026-02-06T05:47:12","date_gmt":"2026-02-06T05:47:12","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=71169"},"modified":"2026-02-06T05:47:12","modified_gmt":"2026-02-06T05:47:12","slug":"gemini-cuts-25-staff-as-it-pulls-out-of-europe-and-australia","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=71169","title":{"rendered":"Gemini Cuts 25% Staff as It Pulls Out of Europe and Australia"},"content":{"rendered":"<div>\n<p>In crypto, it\u2019s not just prices getting cooked. Everyone is feeling the heat. Crypto exchange Gemini announced it will exit the UK, European Union, and Australia while cutting about 25% of its workforce. The move comes as crypto trading volumes remain uneven and exchanges face rising compliance costs across multiple regions. This is part of a wider shakeout where only the most efficient platforms survive.<\/p>\n<p>For everyday users, this raises a simple question. Is your exchange getting stronger, or quietly pulling back?<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Layoffs at crypto exchange Gemini<\/p>\n<p>*GEMINI TO SHUTTER EU, UK, AUSTRALIA ACCOUNTS; CUT 25% OF JOBS<\/p>\n<p>\u2014 Joe Weisenthal (@TheStalwart) <a href=\"https:\/\/twitter.com\/TheStalwart\/status\/2019418649199813106?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">February 5, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>What Is Gemini Doing and Why Does It Matter?<\/h2>\n<p>Gemini runs a centralized crypto exchange. Think of it like an online stockbroker, but for Bitcoin and other coins. You trust it to hold funds, process trades, and follow local rules.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">A message on <a href=\"https:\/\/twitter.com\/Gemini?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">@Gemini<\/a> 2.0 \u2014 AI, prediction markets, and focus.<a href=\"https:\/\/t.co\/aObX0u5N7U\" rel=\"nofollow\" target=\"_blank\">https:\/\/t.co\/aObX0u5N7U<\/a><\/p>\n<p>\u2014 Cameron Winklevoss (@cameron) <a href=\"https:\/\/twitter.com\/cameron\/status\/2019421311232258295?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">February 5, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Best New Cryptocurrencies to Invest in 2026<\/a>\u00a0<\/strong><\/p>\n<p>The company said it stretched itself too thin by operating in more than 60 countries. Demand in Europe and Australia never justified the cost. Gemini will close accounts in those regions by April 6, shifting users to withdrawal-only mode on March 5.<\/p>\n<p>If you live there, this matters now. You must move funds or transfer balances through Gemini\u2019s eToro partnership before the deadline.<\/p>\n<h2>Why Exchanges Are Shrinking Instead of Expanding<\/h2>\n<p>Running a crypto exchange is no longer cheap. Rules differ by country, licenses take time, and fines hurt. This <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/altcoins\/coinbase-and-big-banks-collide-over-crypto-market-regulations\/\" target=\"_blank\" rel=\"noopener\">regulatory pressure on exchanges<\/a> pushes firms to pick their battles.<\/p>\n<p>Bigger players with deep pockets keep expanding. Others retreat. You can see the contrast in how<span style=\"margin: 0px;padding: 0px\">\u00a0<a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/binance-crypto-reserves-lead\/\" target=\"_blank\" rel=\"noopener\">crypto exchange competition<\/a> now favors firms that dominate a few regions rather than lightly cover many regions<\/span>.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">2022 reality check:<\/p>\n<p>\u2022 Coinbase: \u22121,100 jobs (\u221218%)<br \/>\u2022 Kraken: \u22121,100 jobs (\u221230%)<br \/>\u2022 Cryptocom: \u22122,000 jobs (\u221230\u201340%)<br \/>\u2022 Gemini: \u221210% staff<br \/>\u2022 60,000+ crypto jobs lost industry-wide<\/p>\n<p>Meanwhile Binance hired ~5,000 employees and grew headcount ~25% YoY.<\/p>\n<p>Bear markets\u2026 <a href=\"https:\/\/t.co\/hymgqdhecY\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/hymgqdhecY<\/a><\/p>\n<p>\u2014 TCC<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/17.0.2\/72x72\/1f536.png\" alt=\"\ud83d\udd36\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> (@TCryptochicks) <a href=\"https:\/\/twitter.com\/TCryptochicks\/status\/2018841786358046856?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">February 4, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Top 20 Crypto to Buy in 2026<\/a><\/strong><\/p>\n<h2>Why Gemini Is Betting on Prediction Markets<\/h2>\n<p>Gemini plans to double down on prediction markets in the US. These are platforms where people trade on outcomes like elections or interest rate moves. Think of it as a stock market for future events.<\/p>\n<p>The company earned approval from US regulators in December. Since then, it attracted over 10,000 users and $24 million in volume. Investors already value leaders in this niche at billions.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">To everyone who said prediction markets are just sports, here\u2019s the CEO of a $110b company:<\/p>\n<p>1. Weather and temperature contracts are the most frequently traded<br \/>2. Utilities will soon hedge electricity and natural gas contracts using these markets<\/p>\n<p>Prediction markets are already\u2026 <a href=\"https:\/\/t.co\/WUhFIBDCoo\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/WUhFIBDCoo<\/a><\/p>\n<p>\u2014 PJ (@Prithvir12) <a href=\"https:\/\/twitter.com\/Prithvir12\/status\/2013984926262001790?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">January 21, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>That explains the pivot. Gemini sees clearer rules and stronger demand at home than in regions\u00a0<span style=\"margin: 0px;padding: 0px\">affected by\u00a0<a href=\"https:\/\/99bitcoins.com\/news\/presales\/uk-bans-coinbase-ads\/\" target=\"_blank\" rel=\"noopener\">the UK\u2019s<\/a><\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/presales\/uk-bans-coinbase-ads\/\" target=\"_blank\" rel=\"noopener\">\u00a0crypto regulation crackdowns<\/a>.<\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-solana-meme-coins\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Top Solana Meme Coins to Buy in 2026\u00a0<\/a><\/strong><\/p>\n<p><strong>Follow <a class=\"general-link\" href=\"https:\/\/x.com\/99BitcoinsHQ\" target=\"_blank\" rel=\"nofollow noopener\">99Bitcoins on X<\/a> For the Latest Market Updates and <a class=\"general-link\" href=\"https:\/\/www.youtube.com\/@99bitcoins\" target=\"_blank\" rel=\"nofollow noopener\">Subscribe on YouTube<\/a> For Daily Expert Market Analysis<\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/gemini-exits-europe-australia\/\">Gemini Cuts 25% Staff as It Pulls Out of Europe and Australia<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In crypto, it\u2019s not just prices getting cooked. Everyone is feeling the heat. Crypto exchange Gemini announced it will exit the UK, European Union, and Australia while cutting about 25% of its workforce. The move comes as crypto trading volumes remain uneven and exchanges face rising compliance costs across multiple regions. This is part of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-71169","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/71169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=71169"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/71169\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=71169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=71169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=71169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}