Gemini posted a loss of $582 million in 2025, driven by the decline of bitcoin. As of March 1, 2026, the company had approximately 445 employees. Gemini, the cryptocurrency exchange founded by brothers Tyler and Cameron Winklevoss, has executed a 30% reduction of its workforce so far in 2026 as part of an operational optimization strategy. The layoffs respond to the heavy losses accumulated in 2025 and seek increase productivity through artificial intelligence toolsfocusing resources on software development, regulatory compliance and high-value areas. According to information published by Bloomberg, the company went from a valuation of $4.4 billion after its IPO on Nasdaq to facing a market share of less than 1% compared to competitors such as Coinbase. Tyler Winklevoss highlighted in his letter to shareholders the need for discipline and adaptation: the firm is pivoting towards the US market, abandoning operations in the United Kingdom, the European Union and Australia, and betting on products such as credit cards and a forecast markets platform. The cuts, which left Gemini with about 445 employees in early March, are part of a sectoral shock caused by bitcoin (BTC) volatilityhigher regulatory costs and fierce competition. The exchange ensures that customer service will not be affected and that the remaining teams will be more agile and productive. The exchange’s trading volume, as of March 20, is about $66 million in the last 24 hours. Its users primarily trade bitcoin, ether, USDT, USDC, SOL, and XRP, according to Coinmarketcap, ranking it 24th by spot trading volume. This movement is part of a clear trend of mass adoption of AI in the cryptocurrency ecosystem. Crypto.com, for example, recently announced a 12% cut to its workforce to fully integrate artificial intelligence toolseliminating roles that do not align with the new automated model and prioritizing high value-added profiles, as reported by BitcoinDynamic. Similarly, Block (owner of Square and Cash App), led by Jack Dorsey, laid off 4,000 workers (40% of its global workforce) in February 2026 with the same goal of efficiency via AI; The news sent its shares up by up to 25% in extended operations, reflecting investor optimism regarding lighter and more profitable structures. Experts estimate that AI could replace between 10% and 50% of cognitive positions in programming, analysis and operations, forcing the entire sector to reconfigure towards more sustainable models in 2026.
