Potential buyers are circling Winklevoss-backed crypto exchange Gemini

Interested parties are considering buying select parts of the business, particularly its shuttered European operations, to secure regulatory licenses, rather than pursuing a full takeover. What to know : Potential buyers are exploring acquiring Gemini’s shuttered European and U.K. operations to secure regulatory licenses, rather than pursuing a full takeover of the exchange. The move follows Gemini’s 25% workforce cut, exit from multiple international markets, and leadership shake-up, including the departure of three top executives. Shares have plunged to around $4.36 from a $28 IPO price, reflecting a sharp loss of investor confidence amid broader crypto market weakness and company-specific challenges.