đ Gemini's trading volume drops 73% as Q3 revenue falls to $41M
Gemini reported $40.9 million in Q3 revenue, down 19% year over year, as trading volume fell to $4.5 billion from $16.4 billion a year earlier. Its net loss narrowed to $58.6 million from nearly $160 million, helped by a 30% cut in operating expenses. Assets on the platform rose to $13.4 billion from $8.4 billion in Q2, and prediction market revenue grew 52% quarter over quarter to $800,000. GEMI shares rose 6.5% after hours to $2.79 but remain down about 75% this year.
â The sharp drop in exchange volume shows how much retail trading has cooled since the 2025 bull run, pushing exchanges to cut costs and look for new revenue such as prediction markets.
#Gemini #GEMI #Earnings #CryptoExchange
Gemini reported $40.9 million in Q3 revenue, down 19% year over year, as trading volume fell to $4.5 billion from $16.4 billion a year earlier. Its net loss narrowed to $58.6 million from nearly $160 million, helped by a 30% cut in operating expenses. Assets on the platform rose to $13.4 billion from $8.4 billion in Q2, and prediction market revenue grew 52% quarter over quarter to $800,000. GEMI shares rose 6.5% after hours to $2.79 but remain down about 75% this year.
â The sharp drop in exchange volume shows how much retail trading has cooled since the 2025 bull run, pushing exchanges to cut costs and look for new revenue such as prediction markets.
#Gemini #GEMI #Earnings #CryptoExchange
