Bitcoin Magazine Crypto Exchange Gemini Sells U.K. and EU Units to KAST for Under $10 Million
Gemini Space Station has sold its already shuttered U.K. and European operations to Singapore stablecoin payments firm KAST for less than $10 million, according to CoinDesk reporting , as the exchange prepares to report third-quarter results after Thursday’s close.
Gemini declined to comment. A spokesperson for KAST would not discuss the transaction, but said the company is actively looking at acquisitions as its revenue and footprint grow. Neither firm has issued a public confirmation of a sale, and no regulator has announced a change-of-control approval.
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