Winklevosses’ Gemini to Cut Jobs, Scale Down in Crypto Retreat

The crypto exchange run by billionaires Tyler and Cameron Winklevoss is slashing as much as 25% of its workforce and winding down operations in the UK, European Union and Australia, marking a major pullback for two of the industry’s most high-profile figures amid a rout in the sector.

New York-based Gemini Space Station Inc. said it will trim as many as 200 positions across its global workforce, including staff in the US and Singapore, according to a filing on Thursday.

Founded in 2014, Gemini has largely failed to attract significant market share despite being one of the earlier crypto exchanges. ...