Gemini reportedly hands UK and European operations to KAST
Gemini has sold its UK and European business to KAST for less than $10 million as the exchange reduces costs and restructures its operations.
Gemini has sold its UK and European business to KAST for less than $10 million as the exchange reduces costs and restructures its operations. This is an original Token Times brief based on reporting by CoinCodex, with live market data added, as of Thu, 12 Nov 2026 17:15:02 UTC.
The divestiture narrows Gemini’s regional footprint and highlights a cost-reduction strategy across crypto exchanges. Its significance for the broader market is tied to the scale of the transaction and how KAST integrates the operations it has acquired.
- Gemini’s UK and European operations were sold to KAST
- CoinCodex puts the transaction value below $10 million
- The disposal is tied to cost cutting and restructuring
- Bitcoin fell 3.34% amid a broadly declining market
Gemini has sold its UK and European operations to KAST, according to CoinCodex, marking a significant reduction in the crypto exchange’s regional presence. The transaction is being handled as part of a broader restructuring intended to lower costs, although the supplied coverage provides no information about Gemini’s remaining European operations or the financial effect of the sale.
CoinCodex reports that the transaction was completed for less than $10 million, making it the only outlet in the coverage to provide a monetary estimate. Protos likewise reports the transfer of Gemini’s UK and Europe business to KAST, describing the buyer as a stablecoin company and characterizing the sale as part of cost-cutting measures.
The two sources corroborate the central facts: Gemini was the seller, KAST was the buyer, and the assets covered were the exchange’s UK and European operations. There is no disagreement over the transaction itself, but the sources differ in terminology. Protos uses “Gemini Space Station” for the business being sold, while CoinCodex refers more generally to Gemini selling the regional operations.
The available details do not include the price paid by KAST beyond CoinCodex’s under-$10-million estimate, nor do they disclose closing terms, employment arrangements, service continuity, or plans for customers in the affected regions. Coverage also does not describe what proportion of Gemini’s overall business is represented by the divested operations, so the precise operational scale of the change remains unclear.
The wider crypto market provided a subdued backdrop. Total market capitalization stood at $2.46 trillion, the overall market was broadly down, and 
Bitcoin fell 3.34% over 24 hours. The Fear & Greed index registered 28, placing sentiment in the “Fear” zone. The immediate significance of the sale is therefore primarily operational rather than token-related, with attention centered on KAST’s integration of the acquired business and Gemini’s continued restructuring.
Gemini reportedly hands UK and European operations to KAST — questions & answers
Who bought Gemini’s UK and European operations?
KAST bought the regional operations. Protos describes KAST as a stablecoin company.
How much did Gemini receive for the sale?
CoinCodex reports that the transaction was worth less than $10 million. Protos did not provide a price.
Why was Gemini’s regional business sold?
Both outlets connect the sale to cost reduction. Gemini is restructuring its business as it exits the UK and Europe.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from CoinCodex. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.