According to Bloomberg, cryptocurrency exchange Gemini announced this month that it will lay off up to 25% of its staff and exit the UK, EU, and Australia. Recently, it also cut additional US employees, with the departure of the COO, CFO, and CLO related to cost control. Data shows that Gemini's global spot trading share dropped to 0.1% in January, down from 0.6% in June last year; expenses increased by about 70% last year, while net revenue only grew by 17%. The international markets that are about to be exited contributed approximately 15% of revenue in the first nine months of 2025. The company is shifting focus to prediction market services. In December last year, it obtained a CFTC license to launch that platform, which has a total trading volume of only about $24 million so far.