Gemini sold its UK and European Union operations to Singapore-based payments company KAST for less than $10 million, CoinDesk reported on Nov. 12, 2026, citing a source familiar with the matter. The report did not give a date for the sale. Gemini declined to comment, and KAST did not disclose deal details.
The sale is part of Gemini’s restructuring and reduction of its international operations. In February 2026, Gemini said it planned to cease operations in the UK, EU and Australia and cut about 25% of its global workforce. A KAST spokesperson said the company was seeking further acquisitions as its revenue and operations grew.
