Gemini weighs selling Europe units as UK/EU licenses draw buyers

CoinDesk says Gemini is evaluating the sale of parts of its Europe operations, with interest focused on its closed UK and EU units. The core value for buyers is regulatory access, not necessarily purchasing the full Nasdaq-listed Gemini business. This comes after Gemini announced in February that it would cut about 25% of staff and wind down activities in the UK, the EU, other European jurisdictions, and Australia, while keeping the US and Singapore as main hubs. Reuters reported the layoffs could affect up to 200 employees. Gemini framed the retrenchment as a move toward profitability. Licenses are central to deal talks. Gemini said it received a Malta MiCA license in Aug 2025, enabling EU “passporting.” In the UK, FCA disclosures point to Gemini Payments UK authorized for e-money and payments, and Gemini Intergalactic UK listed on the cryptoasset register. However, any buyer still needs FCA/MiCA change-of-control approvals; permissions are not automatically transferable. For traders, Gemini’s Europe restructuring adds compliance and execution uncertainty to regulated-crypto exchange exposure. Public market performance has also deteriorated sharply: Reuters noted the IPO priced at $28 in Sept 2025, and the stock closed at $4.87 on Apr 9, 2026. Gemini also disclosed February departures of COO Marshall Beard, CFO Dan Chen, and CLO Tyler Meade.