Wu Blockchain (@WuBlockchain): According to Bloomberg, Gemini is restructuring after a sharp crypto market downturn, cutting up to 25% of staff, exiting the UK, EU and Australia, an…
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According to Bloomberg, Gemini is restructuring after a sharp crypto market downturn, cutting up to 25% of staff, exiting the UK, EU and Australia, and seeing its stock decline more than 80% from post-IPO highs. With revenue growth lagging expenses, the company is shifting focus toward custody services and its newly launched prediction markets platform. https://www.bloomberg.com/news/articles/2026-02-22/winklevoss-gemini-gemini-gemi-risks-a-hard-landing-after-crypto-rout