Gemini, that cheeky crypto fox, announced a grand pruning of its fur-pulling out of the UK, the EU, and Australia-while trimming about a quarter of its crew, nearly 200 people, with the snap of a pair of scissors that fancy itself an algorithm.
It blamed the usual mischief-makers: AI efficiency, higher costs, and a fresh urge to chase the United States’s shiny future, where the markets allegedly play nicer with the coins.
Gemini Narrows Its Global Footprint Amid AI‑Driven Makeovers
In the glittering workshop of code, the machines have turned the old ways topsy-turvy. Where the grand engineers once coaxed around ten times the work, the AI claims it can push out a hundred times as much-proof, as the company says, that smaller teams can march faster with less flab and more zing.
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Gemini used to boast about 1,100 staff in 2022. By 2025, the numbers had slimmed to about half. The latest trim now lines up with the new priorities and the new whiskery plan.
The firm also warned that international operations had grown a tangle of rules and costs. Regulations tightened, compliance climbed, and demand in the UK, EU, and Australia simply didn’t warrant more expansion.
A tidy timeline appeared: from March 5, 2026, affected accounts would enter a withdrawal-only mode-no deposits, no trades. By April 6, 2026, all services in those regions would shut down their doors with a whimper and a pop.
To keep the ship from rocking too badly, Gemini partnered with eToro to move assets-giving users gentler sails during the wind-down. Customers would receive updates as the clock ticked toward the final curtain.
Gemini Shifts Focus Toward Prediction Markets and United States Growth
Meanwhile, the sparkle moved to the United States, land of big markets and even bigger appetites for crypto. The plan: put more eggs in the domestic basket and run a tighter ship.
The star of this show is Gemini Predictions, rolled out in December 2025. Since its debut, more than 10,000 users have traded over $24 million on the platform. Management dares to dream that prediction markets could grow big enough to give traditional capital markets a run for their money.
Prediction markets are described as a “truth machine” powered by the clever crowd. Gemini is hunting for licenses to spread this gobsmacking gadget further, hoping predictions become a core feature in the grand Gemini saga.
All this follows the Nasdaq IPO in September 2025, which saw the shares stumble in the volatile crypto weather. Leadership says a tighter focus is the ticket to speed profitability.
In the end, Gemini aims to simplify, consolidate, and sprint. They brag that AI-driven automation trims the fluff, leaving a leaner, nimbler creature ready to survive the wilds of the marketplace and emerge even shinier.
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2026-02-06 11:07