Gemini is cutting its workforce by roughly 25 percent and pulling out of the UK, EU, and Australia, marking the crypto exchange’s latest round of downsizing as it narrows its focus to the US market and prediction markets.
The headline circulating on social media claims a 30 percent reduction, but Gemini’s own February 5, 2026 blog post puts the figure at roughly 25 percent. The distinction matters: overstating layoffs distorts the scale of the restructuring and the company’s actual financial position.
What to Know
- Layoffs: Gemini is reducing its workforce by roughly 25%, not 30% as some headlines claim.
- Market exits: The exchange is shutting down operations in the UK, EU, and Australia, with account closures effective April 6, 2026.
- US refocus: The company is doubling down on its US business and its growing prediction markets platform.
Gemini’s workforce peaked at about 1,100 employees in 2022. By the end of 2025, the company said it had already shrunk to roughly half that size. A further 25 percent cut from that reduced headcount signals a company operating in sustained contraction mode.
Gemini ties the cuts to AI efficiency and a leaner operating model
Cameron and Tyler Winklevoss framed the reduction as a strategic move rather than a crisis response. “Today, we are reducing our size again by roughly 25%,” the co-founders wrote, linking the decision to AI-driven efficiency gains and a leaner operating structure.
The company pointed to its prediction markets product as a growth area. Gemini Predictions has attracted more than 10,000 users and processed over $24 million in trades since its mid-December 2025 launch, suggesting the exchange sees new product verticals as a path forward even as it shrinks its core workforce.
This approach mirrors a broader pattern in the crypto industry, where exchanges are navigating shifting regulatory landscapes while trying to reduce overhead. Gemini’s bet is that fewer employees supported by AI tools can maintain the same output, a thesis that remains unproven at this scale in the exchange sector.
UK, EU, and Australian users face an April deadline
The workforce reduction is only part of the story. Gemini is simultaneously exiting three major international markets, a geographic retreat that transforms this from a routine staffing adjustment into a fundamental reshaping of the business.
According to Gemini’s support documentation, affected regional accounts will close on April 6, 2026. UK and EU account holders face withdrawal-only restrictions starting March 5, 2026. Australian users saw crypto withdrawal restrictions begin even earlier, on March 1, 2026.
The exits are notable because Gemini is not citing regulatory pressure as the reason. The sourced materials reviewed for this report contain no evidence that UK, EU, or Australian regulators ordered the pullback. Instead, the company frames it as a voluntary refocus on its home market.
For users in affected regions, the practical impact is significant. Account holders need to withdraw funds or migrate to other platforms before the April 6 deadline. The staggered restriction dates mean some users are already operating under limited functionality.
What the restructuring signals for the broader market
Gemini’s contraction fits into a wider pattern of crypto companies adjusting their geographic footprint in response to evolving regulatory frameworks across different jurisdictions. Rather than pursuing global coverage, some exchanges are choosing to concentrate resources where they see the clearest path to profitability and regulatory clarity.
The US focus is a deliberate bet. With crypto markets still navigating volatile conditions, Gemini appears to be prioritizing depth in one market over breadth across many. Whether that trade-off pays off depends on how the US regulatory environment evolves and whether Gemini’s prediction markets product can generate enough revenue to offset the lost international business.
The company has not disclosed an exact post-layoff headcount. Based on the available numbers, a workforce that peaked at 1,100, dropped to roughly 550 by late 2025, and is now being cut by another 25 percent would land somewhere around 410 employees, though Gemini has not confirmed that figure.
Affected employees and international users now face defined timelines. For Gemini, the next test is whether a smaller, US-focused operation can deliver the growth that a larger global footprint could not.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
