Is Gemini Shutting Down? Share Falls 85%, CXOs Exit, Ends Operations in UK, EU, Australia

Gemini Exchange has seen significant speculation after 3 CXOs were either fired or resigned simultaneously.

The company recently launched an IPO, raising $425 million. However, the share price fell 85% after that.

Further, Gemini Exchange ended operations in three major markets and reprtedly focusing only on US markets.

Gemini says it’s undergoing a major restructuring.

BFM suggests users take custody of their own cryptocurrencies and only bring them to any exchange when they wish to cash out.