Gemini sells UK and European operations to stablecoin payments firm KAST for under $10 million
Summary
Crypto exchange Gemini has agreed to sell its United Kingdom and European operations to stablecoin payments company KAST for less than ten million dollars. This divestment comes as the firm, established by the Winklevoss founders, reorganizes its business model and withdraws from multiple international regions.
The sale follows the Winklevoss-founded crypto exchange’s retreat from several overseas markets as it restructures its business.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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