Gemini Crypto Exchange to Cut 200 Jobs and Exit Multiple Global Markets
The Winklevoss twins' crypto exchange Gemini is slashing its workforce by 25 percent. The firm will exit the UK and Europe to focus on US and Singapore hubs.
Insights:
On February 5, 2026, the cryptocurrency exchange Gemini Space Station, Inc. Class A Common Stock announced plans to cut up to 200 jobs worldwide. This reduction represents about a quarter of its workforce and is part of a broader cost-cutting plan intended to streamline operations.
As part of this restructuring, the exchange, which is owned by the Winklevoss twins winklevoss twins, will wind down its operations in the United Kingdom 
GB, the European Union, and other European jurisdictions, as well as Australia 
AU. Following the completion of these changes, Gemini Space Station, Inc. Class A Common Stock will focus its remaining operations exclusively on the United States 
US and Singapore 
SG.
GB, the European Union, and other European jurisdictions, as well as Australia AU. Following the completion of these changes, Gemini Space Station, Inc. Class A Common Stock will focus its remaining operations exclusively on the United States US and Singapore SG.
