Why Is GEMI Stock Up 11%?

Coindesk reported that potential buyers are evaluating an acquisition of parts of the crypto exchange.
In this photo illustration, the Gemini Space Station logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)
In this photo illustration, the Gemini Space Station logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)
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Anan Ashraf·Stocktwits
Published Apr 09, 2026   |   1:41 PM EDT
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Shares of Gemini Space Station Inc. (GEMI) rallied 11% on Thursday following a report that potential buyers are evaluating an acquisition of parts of the crypto exchange.

Coindesk reported the news, citing a person familiar with the matter. As per the report, some potential acquirers are interested in buying the company's now-shuttered operations in Europe and the U.K. to obtain regulatory licenses in these jurisdictions.

Gemini shut down its operations in the U.K., the European Union, and Australia in February and retained only its U.S. and Singapore businesses.

The potential acquirers are not interested in the whole company, the report added. 

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