Gemini exchange operations eyed for acquisition

Potential buyers are reportedly exploring the acquisition of specific operations from the Winklevoss-backed crypto exchange Gemini, particularly its defunct European and U.K. business units. This strategic interest stems from a desire to secure valuable regulatory licenses rather than pursuing a complete takeover of the entire exchange. The move follows Gemini's recent significant workforce reduction, withdrawal from several international markets, and a notable leadership reshuffle, including the departure of key executives. Gemini's stock performance has also been volatile, reflecting diminished investor confidence amid broader market challenges and internal issues.