BroadChain has learned from a Bloomberg report that cryptocurrency exchange Gemini has reduced its workforce by approximately 30% since the beginning of 2026. The layoffs bring its total headcount to around 445 employees. The company has also implemented AI tools to improve operational efficiency.
Financial data reveals Gemini posted a full-year loss of roughly $585 million in 2025. While the exchange generated about $60 million in revenue during the fourth quarter, its losses continued to grow.
This follows earlier moves where Gemini cut its staff by around 25%, withdrew from the UK, EU, and Australian markets, and restructured several senior leadership positions.
The latest round of layoffs and business scaling is a central part of Gemini's strategy to adapt to market shifts and accelerate its journey to profitability.