Gemini — Gemini Intergalactic EU Limited
🚨 WARNING — Gemini is withdrawing from the EEA
Gemini Intergalactic EU Limited announced on 5 February 2026 that it is exiting the UK/EEA/Australia markets.
- 2026-03-05: Accounts converted to withdrawal-only mode
- 2026-04-06: All EEA customer accounts will be closed
This is a business decision, not a regulatory one — the Winklevoss brothers are focusing on the USA and prediction markets. No new customers are being accepted.
Existing customers — URGENTLY withdraw your assets before 2026-04-06. Migration options: eToro (official Gemini partnership), Bitvavo (lower fees), Coinmotion (Finland-based), Kraken (wider coin selection). See our exchange comparison.
Gemini Intergalactic EU Limited is a Malta-registered subsidiary of Gemini, holding an MFSA MiCA CASP licence (2025-06-15), which will remain valid until the exit date of 2026-04-06. The parent company is Gemini Trust Company (US, founded by Cameron and Tyler Winklevoss). Regulated at the global level by NYDFS, with SOC 1/SOC 2 audit standards.
Timeline
- 2014: Founded by Cameron and Tyler Winklevoss
- 2022-11: Genesis Capital incident (Gemini Earn programme)
- 2025-06-15: MFSA MiCA CASP licence (Gemini Intergalactic EU Limited)
- 2025-09: Gemini IPO on NASDAQ (GEMI)
- 2026-02-05: Announcement of withdrawal from UK/EEA/Australia + 25% workforce reduction
- 2026-02-17: COO, CFO, and Chief Legal Officer step down
- 2026-03-05: EEA customer accounts converted to withdrawal-only
- 2026-04-06: Full account closure; eToro partnership for customer migration
Licensing
MFSA Malta issued the MiCA CASP licence on 2025-06-15. Registered in MT with EU passport rights across the remaining 30 EEA countries. The licence will remain valid until 2026-04-06, after which it will be revoked or left inactive.
Fees
| Service | Cost |
|---|
| Spot maker | 0.2% |
| Spot taker | 0.4% |
| SEPA deposit | Free |
| Card deposit | 3.49% |
| SEPA withdrawal | Free |
| Instant buy spread | 1.49% |
Features (historical)
- Supported coins: 80+
- Fiat currencies: EUR, USD, GBP
- Mobile app: ✓ yes (until 2026-04-06)
- 2FA: ✓ yes
- Cold storage: ✓ yes
- Proof of Reserves: ✗ no / not publicly available
- BankID/MitID: ✗ no
- Derivatives: ✗ no
Pros
- Exit handled responsibly — withdrawal-only notice period and eToro migration option
- MFSA MiCA licence still valid until 2026-04-06
- NYDFS-regulated parent company in the US — institutional-grade compliance
- Aon digital asset insurance policy
- Security and audit standards (SOC 1/SOC 2)
Cons
- 🚨 All EEA customer accounts will be closed on 2026-04-06 — NO new customers accepted
- Accounts already in withdrawal-only mode since 2026-03-05
- No LV/LT/EE language support
- 1.49% spread in retail mode
- 3.49% card deposit fee
- 2022 Genesis Earn incident (US market, partially recovered)
Summary
🚨 NOT RECOMMENDED for new Baltic and Nordic customers. Existing customers — URGENTLY withdraw your assets before 2026-04-06. Migration options: eToro (official partnership), Bitvavo (lower fees), Coinmotion (Finland-based), Kraken (wider coin selection). NorriWire retains this listing for informational purposes and as a warning.
Background — why Gemini is leaving
This is a business, not a regulatory decision. Tyler and Cameron Winklevoss stated publicly: "foreign markets have proven hard to win in for various reasons" — meaning that international markets proved difficult to scale in both operationally and economically. The compliance costs of multiple international jurisdictions (MiCA in Europe, FCA in the UK, AUSTRAC in Australia) demanded considerable investment in staff and capital that a mid-sized exchange like Gemini, with roughly 3% market share in Europe, could not justify. The US market and the emerging prediction markets segment were identified as the priorities.
By contrast, Coinbase, OKX, Bybit, Crypto.com, and Bitstamp are all staying and expanding. Gemini is the only major MiCA-licensed exchange to have chosen to exit.
Full analysis: Gemini exits the EEA — closing all customer accounts on 2026-04-06.
Review prepared on 2026-05-07 from official sources (Gemini Support FAQ, CoinDesk announcement of 2026-02-05). Before taking any action, check the current terms at https://support.gemini.com.
