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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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