The cryptocurrency exchange Gemini is undergoing a new round of organizational restructuring, planning to lay off approximately 25% of its workforce and exit the UK, EU, and Australian markets, aiming to refocus its business on the US domestic market and prediction markets.
Key Information Overview
Gemini's employee count peaked in 2022 at around 1,100. By the end of 2025, the company stated that the workforce would be reduced to about half. This further layoff of 25% marks the company’s ongoing contraction phase.
Layoffs Linked to AI Efficiency and Streamlined Model
Gemini's co-founders Cameron and Tyler Winklevoss described this layoff as a strategic move rather than a response to a crisis. They indicated that the approximately 25% reduction in staff is closely related to AI-driven efficiency improvements and a more streamlined operational model.
The company views its prediction market products as a growth area. Since the launch of Gemini Predictions in mid-December 2025, it has attracted over 10,000 users, with trading volumes exceeding $24 million. This indicates that despite the reduction in core team size, the exchange is actively exploring new product areas for growth.
UK, EU, and Australian Users Face Deadline
The layoffs are not the only change. Gemini is simultaneously withdrawing from three major international markets, making this regional contraction a fundamental reshaping of its business rather than a routine personnel adjustment.
According to Gemini's official support documentation, affected regional accounts will be closed on April 6, 2026. Account holders in the UK and EU will face withdrawal-only restrictions starting March 5, 2026. Australian users will face cryptocurrency withdrawal restrictions even earlier, beginning March 1, 2026.
It is noteworthy that Gemini has not attributed this withdrawal to regulatory pressure. Current information indicates that regulators in the UK, EU, or Australia have not mandated its exit. Instead, the company positions this as a voluntary strategic choice focused on the domestic market.
For the tens of thousands of users in the affected regions, this adjustment means they must complete fund withdrawals or migrate to other platforms before the April 6, 2026 deadline. Due to the varying effective dates of the restrictions, some users may already be operating under limited conditions.
Impact of Restructuring on the Broader Market
The company has not disclosed the exact number of employees post-layoff. Based on existing data, the workforce is projected to decrease from the peak of 1,100 to about 550 by the end of 2025, and after the additional 25% layoff, the final number could be around 410, although Gemini has not confirmed this figure.
Affected employees and international users now have a clear timeline for the next steps. For Gemini, the key moving forward will be whether a streamlined operation focused on the US market can achieve the growth targets that its previous global expansion failed to meet.