Gemini Space Station has sold its already shuttered U.K. and European operations to Singapore stablecoin payments firm KAST for less than $10 million, according to CoinDesk reporting, as the exchange prepares to report third-quarter results after Thursday’s close.

Gemini declined to comment. A spokesperson for KAST would not discuss the transaction, but said the company is actively looking at acquisitions as its revenue and footprint grow. Neither firm has issued a public confirmation of a sale, and no regulator has announced a change-of-control approval.

The disposal, if confirmed, would close a retreat Gemini laid out in February. On Feb. 4, the Nasdaq-listed company, known…

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