Gemini sells UK and European operations to stablecoin firm KAST for under $10 million

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Crypto exchange Gemini, founded by the Winklevoss twins, has agreed to sell its operations in the United Kingdom and Europe to KAST, a stablecoin payments company. The deal is reportedly valued at less than $10 million. The sale comes as Gemini pulls back from several overseas markets while restructuring its business. The transaction marks another step in the company's reassessment of its international footprint. Further details on the timing and terms of the deal were not specified in the report.

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