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Gemini exchange sounds out sale of overseas unit as demand rises for Europe, UK licences

Acquisition interest has emerged in parts of cryptocurrency exchange Gemini, founded by billionaire twins Tyler and Cameron Winklevoss. Potential buyers are said to be prioritising Gemini’s recently closed Europe and UK unit, aiming to secure local regulatory licences rather than buy the entire company. Gemini cut about 25 percent of its global workforce in February and wound down operations in the UK, the EU and Australia. Any deal would still face fresh regulatory review in both Europe and the UK.