Gemini, a cryptocurrency exchange established in 2015 in the United States, has announced its decision to withdraw from the markets in the UK, EU, and Australia as it aims to concentrate on growth within the US market which boasts extensive capital resources.
Gemini Image
Reasons cited for this move include the role of AI in automating tasks, claiming that it has made engineers “100 times” more efficient, along with a more difficult operational climate in those foreign markets. According to Gemini’s announcement:
“These foreign markets have proven hard to win in for various reasons, and we find ourselves stretched thin with a level of organizational and operational complexity that drives our cost structure up and slows us down.”
“We don’t have the demand in these regions to justify them. The reality is that America has the world’s greatest capital markets.”
Going forward, Gemini intends to channel its efforts into its prediction market platform, Gemini Predictions, which was launched in December 2025, and expand its operations within the US.
The announcement arrives at a particularly tough juncture for the crypto sector, as market challenges have recently caused a downturn following a flash crash in October and delays affecting the CLARITY Act, a long-awaited US crypto legislation.
Focus on Prediction Markets
In their statement, Gemini highlights the rising significance of prediction markets in its framework, which it plans to make a primary focus on their platform. They assert:
“Our thesis is that prediction markets will be as big or bigger than today’s capital markets.”
Recently, the platform noted over 10,000 users and $24 million in trading volume post-launch. During the third quarter of 2024, trading volume in prediction markets surged by 565.4% coinciding with the US presidential election, reaching approximately $3.1 billion.
In January 2026, daily trading volumes ranged between $277 million and $550 million, with predominant players including Polymarket and Kalshi, accounting for significant portions of the total market volume.
The company is poised to redefine its strategic direction amid ongoing changes in the cryptocurrency landscape.
