[Gemini Sells UK and European Operations to Stablecoin Payments Company KAST for Less Than $10 Million] According to Coindesk, sources familiar with the matter revealed that Gemini, the cryptocurrency exchange founded by the Winklevoss brothers, has sold its UK and European operations to Singapore-based stablecoin payments company KAST for less than $10 million. This transaction is part of Gemini's earlier announcement this year of exiting the UK, EU, and Australian markets, cutting approximately 25% of its global workforce, focusing on its US and Singapore operations, and undergoing restructuring. The buyer, KAST, founded by former Circle executives, provides stablecoin accounts, cross-border transfers, and payment card services, and just completed an $80 million Series A funding round in March.