Gemini Implements Wide-Ranging Restructuring Amid Crypto Market Downturn

Gemini, a leading crypto exchange, has embarked on a major restructuring effort in response to the prolonged market downturn. The company has announced significant workforce reductions, with up to 25% of its employees affected.

The layoffs and exits from several international markets, including the UK, EU, and Australia, are part of Gemini's strategic pivot towards custody services and prediction markets. This move is aimed at stabilizing operations and controlling expenses amidst growing cost pressures.

Bloomberg reports that Gemini's valuation has plummeted more than 80% since 2025, highlighting the sector-wide challenges faced by crypto exchanges. Despite these challenges, Gemini's leadership remains confident in the company's ability to navigate prolonged market weakness.