Gemini exits the UK, Europe, and Australia markets
The post Gemini exits the UK, Europe, and Australia markets appeared on BitcoinEthereumNews.com.
Gemini, a crypto exchange founded by the Winklevoss twins, has announced its decision to shut its services in the UK, EU, and Australia. The company will provide users with a limited period to discontinue using the service, following which the account accessibility will cease to function. As early as March 5, 2026, user accounts in those markets will go into withdrawal mode, which will bar users from any new activity, trading, buying, or the like. The end date for account closure has been fixed for April 6, 2026. Gemini has partnered with eToro as a transition route for its customers Gemini has advised users to cancel recurring purchases, avoid new deposits, and begin unstaking any staked crypto immediately to avoid delays. Customers with open perpetual futures positions must close them before the withdrawal-only phase begins, or risk having their positions force-closed at market prices. The exchange has urged customers to act quickly, warning that account verification, bank linking, and withdrawal address approvals can take time. In some cases, adding a new crypto withdrawal address may take up to 7 days to be approved, while unresolved account reviews may limit the ability to withdraw funds before closure. Gemini also encouraged customers to download transaction histories and statements before their accounts are shut down because access will be removed after closure. Referral and promotional programmes have already been discontinued in the affected regions. The company emphasized that funds provided for payment services are safeguarded under UK and EU e-money rules. However, they are not covered by deposit protection schemes such as the FSCS. To help customers move funds, Gemini has partnered with social trading platform eToro, offering a transition route and sign-up incentives for some users who transfer assets. However, customers remain free to move funds to any exchange or withdraw crypto…
Filed under: News - @ February 6, 2026 5:29 am