The Currency analytics
By James Thorp
Gemini's pulling out completely. The crypto exchange told customers in the UK, European Economic Area, and Australia they've got until April 6, 2026 to move their money somewhere…
The company made a deal with eToro to help users jump ship, but that's pretty much optional.
eToro's the suggested landing spot, and they've got over 150 different cryptocurrencies plus stocks from 20 exchanges around the world.
Gemini won't take responsibility for what happens to assets once they leave the platform. That's standard legal stuff, but it puts all the risk on users who have to research new…
Tyler Winklevoss, Gemini's CEO, hasn't spilled details about future plans for these regions. He just said more announcements are coming later.
Things get messy fast. Users started complaining on social media February 3, 2026, asking for more clarity about the transition process.
eToro's user base already tops 30 million people as of February 2026, and they've been adding new features like real-time analytics and advanced trading tools.
The regulatory pressure seems to be the real driver here. Gemini faced increased scrutiny in multiple jurisdictions over recent months, and pulling out of these markets lets them…
Regulatory compliance costs have skyrocketed across European markets, with some exchanges spending upwards of $50 million annually just to maintain licenses in multiple…
The exodus creates opportunities for regional players who've built stronger relationships with local regulators.