Gemini Space Station Inc. (GEMI) is exiting the U.K., European Union, and Australian markets while cutting 25% of its staff, as the crypto exchange refocuses on U.S. operations and prediction markets.

In a blog post Thursday, Gemini said affected customers must register with brokerage platform eToro by the end of March to withdraw their assets. New accounts and deposits in these regions are suspended, and full account closures are scheduled for April.

“Effective 6 April 2026, Gemini will be ceasing operations in the United Kingdom,” the company stated in an email to customers reviewed by CoinDesk. Accounts will enter withdrawal mode starting 5 March 2026, with eToro assisting in the transfer process.

Co-founders Tyler and Cameron Winklevoss cited challenges in gaining traction outside the U.S. as the reason for the retreat. “America has the world’s greatest capital markets and has always been where it’s at for Gemini,” they said. “It’s time to focus and double down on America.”

The founders also highlighted Gemini’s strategic pivot toward prediction markets. Since the mid-December launch of Gemini Predictions, over 10,000 users have traded more than $24 million. Securing a license to launch a dedicated prediction marketplace, they said, positions Gemini as an early mover in this sector.

The pullback comes amid broader weakness in crypto-linked equities. While major stock indices have risen in early 2026, digital-asset–linked stocks have slid, reflecting declining investor appetite and tighter liquidity. Gemini, which went public in September, has seen its shares fall roughly 23% since the start of 2025, including a 2.8% drop on Thursday.