PANews reported on February 5th that, according to Bloomberg, cryptocurrency exchange Gemini announced it will close all customer accounts in the UK, EU, and Australia. According to its announcement on February 5th, starting March 5th, accounts in these regions will enter a withdrawal-only mode, with a planned complete closure within a month. Gemini has also stopped new account registrations and all incentive programs in these regions.

Gemini went public in September 2025. Affected by the decline in cryptocurrency prices, its share price has fallen by approximately 23% since the beginning of 2025. On the day the announcement was made, its share price fell a further 2.8%.

Previous reports indicated that Gemini would cease operations in the UK, and customer accounts in that country would only be able to withdraw cash starting March 5th .