Gemini's European Clearance Sale

The real news

The story, straight

A crypto exchange lets people buy and sell digital coins. Running one requires official permission, called a licence.

Closing the business doesn't necessarily make that paperwork worthless.

CoinDesk reports that Gemini sold its UK and European operations to payments company KAST for under $10 million, citing a person familiar with the matter. The price is reported, not confirmed: Gemini declined to comment, and KAST wouldn't discuss the deal.

These businesses were already shuttered. CoinDesk previously reported that potential buyers wanted their regulatory permissions, rather than the entire company.

Gemini's US exchange isn't what's being sold.

That's the clearance-sale twist: the shop has stopped serving customers, but the filing cabinet still gets treated like royalty. Lil'meme is gift-wrapping it while the empty counter wonders where its ribbon went.

Buying a licensed business isn't the same as receiving automatic regulatory approval. Whether regulators approve this change of ownership remains unknown.

The useful lesson: a business's value isn't always its customers or equipment. Sometimes the paperwork is the attraction.

Ask what's actually being bought before treating a reported price as a verdict on the whole company.

Source: https://www.coindesk.com/business/2026/11/12/gemini-sells-uk-and-european-operations-to-stablecoin-payments-firm-kast-for-under-usd10-million

Hardships are coming. I, the Big Dreamer, created this token to help the people.

I truly do see this token going up in value. Ride the rocket with me and let's see where the next 24 months take us.

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Repost before the filing cabinet hires a publicist.

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