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Gemini Retrenches During Crypto Downturn, Exits UK, EU and Aus
The overhaul, affecting 200 jobs, will hit employees across Europe, the US and Singapore.
Customer accounts in the affected regions will enter withdrawal-only mode from 5 March 2026, with full closures scheduled for 6 April.
In a blog post announcing the restructuring, Gemini founders the Winklevoss twins, say: “We expect this will help reduce our total expenses in line with our headcount reduction and meaningfully accelerate our path to profitability even in the backdrop of the current crypto market.”
Gemini will concentrate operations in the US and Singapore, with a tighter focus on prediction markets, following a mid-December launch which has attracted more than 10,000 users and over $24 million in trading volume.
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- Akbank Goes Live on Mambu Core in Germany Read more
- Anchorage Digital Lands $100m Tether Investment at $4.2bn Valuation Read more
Anchorage Digital Lands $100m Tether Investment at $4.2bn Valuation
Anchorage Digital has secured a $100 million equity investment from stablecoin heavyweight Tether and has launched its first employee tender offer.
Gemini Retrenches During Crypto Downturn, Exits UK, EU and Aus
The overhaul, affecting 200 jobs, will hit employees across Europe, the US and Singapore.
Figure Partners with moomoo and Keplr to Expand Global Access to the On-chain Public Equity Network (OPEN)
Figure is expanding investor access to the On-Chain Public Equity Network (OPEN) through new integrations with moomoo and Keplr, extending the distribution of blockchain-native public equities across both regulated brokerage platforms and self-custody wallets. OPEN allows companies to issue their equity native on blockchain and enables investors worldwide to invest in U.S. public equities while accessing decentralized finance (DeFi) for borrowing against and lending out stock.
Kraken Institutional Announces First Bespoke Investment Solution with Bitwise
Kraken, one of the world’s longest-standing, most liquid and secure cryptocurrency platforms, today announced the availability of a bespoke yield solution, marking an important first step as Kraken Institutional expands access to professionally managed strategies within a secure, regulated framework.
BBVA Joins Qivalis Banking Consortium to Advance Launch of Regulated Euro Stablecoin
BBVA (Banco Bilbao Vizcaya Argentaria) has officially joined Qivalis, a consortium of leading European banks working to establish a MiCAR-compliant euro-stablecoin issuer, currently progressing towards authorisation by the Dutch Central Bank (DNB). The consortium now comprises twelve European banks: Banca Sella, BBVA, BNP Paribas, CaixaBank, Danske Bank, DekaBank, DZ BANK, ING, KBC, Raiffeisen Bank International, SEB, and UniCredit.
Hex Trust and Haruko Architect Real-Time Risk Governance for Institutional Digital Assets
Hex Trust, a leading digital assets financial service provider specialising in markets services, custody, and staking, today announced a strategic integration with Haruko
Deutsche Börse Group’s 360T Partners with Bitpanda to Expand Digital Asset Capabilities
360T, part of Deutsche Börse Group, and Bitpanda announced today a partnership focused on expanding access to crypto trading, with plans for further expansion across the digital assets space. The collaboration brings together Bitpanda’s digital asset services with 3DX, 360T’s MiCAR-regulated crypto-asset trading platform, to support institutional clients seeking compliant and scalable routes into digital assets.
ComplyAdvantage: Why Compliance Still Needs the Human Touch
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ING: Turning AI Pilots Into Production
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Volante Technologies: Why Banks Need Partners, Not Vendors
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Akbank Goes Live on Mambu Core in Germany
Akbank AG has gone live with a new core banking platform from Dutch core banking vendor Mambu and completed a parallel rebuild of its data warehouse and reporting capabilities, according to separate LinkedIn posts from project leads.
Anchorage Digital Lands $100m Tether Investment at $4.2bn Valuation
Anchorage Digital has secured a $100 million equity investment from stablecoin heavyweight Tether and has launched its first employee tender offer.
Identity Fintech Duna Raises €30m in Series A round
Duna, the identity fintech founded by two Stripe alumni, today announced a €30 Million Series A funding round led by CapitalG, Alphabet’s independent growth fund. Existing investors Index Ventures and Puzzle Ventures also participated in the round.
Alinea Invest Scores $22.5m in User Acquisition Financing
US wealth management start-up Alinea Invest has secured $22.5 million in user acquisition financing from PvX Partners, a Singapore-based financing firm.