🎯 The exchange business is starting to lose money too
📰 Gemini, which went public late last year just before crypto prices peaked, has just posted its fifth consecutive quarterly loss. The loss was slightly smaller than expected, and the Winklevoss twins are shouldering it themselves.
💬 When crypto prices fall, trading volume is the first to dry up; platforms that collect fees are the last to feel it. Listing coins, market making, and lending are no longer very profitable. This winter, platforms are the first to freeze. BTC at $71.3K.
🏷️ #Gemini #交易所 #美股 #TradingFees
📰 Gemini, which went public late last year just before crypto prices peaked, has just posted its fifth consecutive quarterly loss. The loss was slightly smaller than expected, and the Winklevoss twins are shouldering it themselves.
💬 When crypto prices fall, trading volume is the first to dry up; platforms that collect fees are the last to feel it. Listing coins, market making, and lending are no longer very profitable. This winter, platforms are the first to freeze. BTC at $71.3K.
🏷️ #Gemini #交易所 #美股 #TradingFees