👮 According to Bloomberg, #Gemini is restructuring after a sharp #crypto market downturn, cutting up to 25% of staff and exiting the UK, EU, and Australia. The company's stock has declined more than 80% from post-IPO highs, and with revenue #growth lagging expenses, it is shifting focus toward custody services and its newly launched #prediction markets platform. #crypto
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👮 According to Bloomberg, #Gemini is restructuring after a sharp #crypto market downturn, cutting up to 25% of staff and exiting the UK, EU, and Australia. The company's stock has declined more than 80% from post-IPO highs, and with revenue #growth lagging expenses, it is shifting focus toward custody services and its newly launched #prediction markets platform. #crypto