Gemini Sells UK and EU Units to KAST for Under $10M
Crypto exchange Gemini has agreed to sell its UK and European operations to stablecoin payments firm KAST in a deal valued under $10 million.
Cryptocurrency exchange Gemini has agreed to sell its operations in the UK and Europe to stablecoin payments firm KAST for under $10 million, according to CoinDesk.
Business Divestment
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Under the terms reported by CoinDesk, Gemini is transferring its UK and European business units to KAST. KAST operates as a stablecoin-focused payments company. The financial consideration for the regional transaction remains below the $10 million threshold.
Regional Shift
The deal marks a structural transfer involving Gemini's European presence as KAST acquires the specified operational units from the exchange operator.
Key Facts
- Seller: Cryptocurrency exchange Gemini.
- Buyer: Stablecoin payments firm KAST.
- Assets: Gemini's UK and European operations.
- Deal Value: Under $10 million.
Source: news.google.com
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