Buyers are evaluating the availability of Gemini Space Station shares, with interest focused on crypto exchanges that are closed in the UK and European operations rather than acquiring them all, according to CoinDesk. report.
Gemini has spent years building infrastructure in these markets, and for some buyers, that may be more attractive than acquiring an entire Nasdaq-listed company.
That interest comes after Gemini announced in February that it would cut about 25% of its workforce and eliminate jobs in the UK, the European Union, other parts of Europe, and Australia, leaving the US and Singapore as its main hubs.
In an 8-K filed on February 5, the company said the layoffs are part of a cost-cutting plan aimed at supporting the company’s profitability. Reuters said the layoffs could affect about 200 workers.
The UK and EU units may look attractive as they come with a much higher chance of success. Gemini said in August 2025 that it received a license for MiCA from the financial authorities of Malta, giving them a passport to offer services in the EU single market. In the UK, the FCA said Gemini Payments UK is authorized to offer e-money and provide payment services, while Gemini Intergalactic UK appears on the regulator’s cryptoasset register.
However, not every buyer would automatically receive the permits. Under UK law, obtaining the authority of an FCA-regulated or registered company requires prior approval, and the FCA can take up to 60 working days to review all information.
In Europe, the MiCA established a licensing system for cryptoasset service providers, but the change in regulation has led to oversight rather than a pure transfer of licensing.
The background is a big change in the story of the Gemini group market. Reuters he said The company priced its September 2025 IPO at $28 per share, raising $425 million, and the stock opened at $37 before closing its debut at around $32. As of April 9, 2026, Yahoo Finance data showed GEMI closing at $4.87, leaving the stock down more than 80% from its IPO price.
Gemini’s career recovery has also been accompanied by an increase in wealth. In February, the company announced the departure of Chief Operating Officer Marshall Beard, Chief Financial Officer Dan Chen, and Chief Legal Officer Tyler Meade, all effective immediately.
