Crypto Exchange Gemini Cuts Up to 25% Staff: Bloomberg

Bloomberg reports crypto exchange Gemini restructuring with staff cuts, market exits, leadership changes, and a strategic pivot toward custody services and prediction markets.

Gemini has announced significant workforce reductions following an extended crypto market downturn. The restructuring reflects the build-up of pressure on the platforms for trading digital assets around the world. According to Bloomberg, the company wants to stabilize operations and control expenses.

Gemini Restructures After Market Slump

As a financial exchange founded by Cameron Winklevoss and Tyler Winklevoss, the Gemini exchange gained a reputation for regulatory compliance. Additionally, the exchange weathered several industry crises and periods of high volatility.

According to Bloomberg, Gemini is restructuring after a sharp crypto market downturn, cutting up to 25% of staff, exiting the UK, EU and Australia, and seeing its stock decline more than 80% from post-IPO highs. With revenue growth lagging expenses, the company is shifting focus…

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In February 2026, Gemini cut its global workforce by up to 25%. As a result, some 200 employees were impacted in several international offices. Meanwhile, Bloomberg reported Gemini’s valuation has dropped more than 80% since the year 2025.

Related Reading: Investors React as Gemini Restructures Leadership Team | Live Bitcoin News

The restructuring is part of a larger restructuring effort known as Gemini 2.0. Furthermore, the company intends to leave the UK, EU and Australia markets. Therefore, Gemini will focus its resources in the US market and Singapore.

Gemini also estimated approximately $11M in restructuring-related charges in the pre-tax category. Additionally, Bloomberg said expenses went up 70% for the 2025 financial results. However, there was a mere 17% rise in the reported net revenue, which highlights the growing cost pressures.

In late February 2026, important executives left Gemini during the transition period. Those departures included Marshall Beard, who was COO, Dan Chen, who was CFO, and Tyler Meade. Consequently, leadership changes accompanied operational and regional restructuring decisions.

Gemini Shifts Focus Toward Custody and Prediction Markets

Moreover, Gemini proved to be a greater focus on institutional digital asset custody services. The platform increased offerings designed for regulated funds and professional investors worldwide, cautiously. Meanwhile, custody revenues are usually more stable than transaction-based trading income.

Additionally, Gemini showcased growth plans for its prediction markets platform that launched in December 2025. The service enables users to engage in event-based market forecasting activities. Therefore, management anticipates diversification aside from exchange trading volumes and fee cycles.

However, Gemini is still facing challenges from weaker crypto prices and investor caution. Bloomberg observed that Bitcoin’s decline played a part in more than 40%, which had a significant impact on sector-wide sentiment.

Furthermore, Gemini underlined commitments to compliance, governance standards and customer asset protection measures. The company stressed that restructuring would not undermine security or regulatory obligations strictly and constantly applied.

Additionally, Gemini’s restructuring is another example of how quickly the volatile crypto industry can adapt. Companies increasingly are balancing innovativeness objectives with profitability objectives and expense discipline measures.

In addition, investors now track the progress of Gemini in custody services and prediction market adoption trends. Performance in these segments may affect revenue recovery and longer-term financial stability, slowly improving conditions.

However, Gemini’s leadership did express confidence in the company’s ability to get through prolonged market weakness. The exchange continues to invest in infrastructure, compliance systems, and institutional-grade services.

Meanwhile, Bloomberg stressed that Gemini’s transition carries limited margin for strategic missteps ahead, which is currently underway. In addition, chances of recovery are contingent on the stabilization of the crypto market and continued growth in institutional demand. Therefore, Gemini restructuring will be a defining test of discipline, execution, and adaptability.