Gemini · Wall Street · European Union · CryptoSlate
Latest Gemini earnings expose crypto’s new exchange reality, more total revenue, less crypto trading
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
Gemini’s second-quarter revenue rose as its credit-card business expanded.
Key facts
- The company generated $45.5 million in total revenue, up from $33.3 million a year earlier, according to its Aug. 13 quarterly filing
- Spot matched trading volume on Gemini’s platform fell to $3.8 billion from $11.3 billion, a drop of about 66%
- Total operating expenses rose 24% to $122.4 million, and operating loss widened to $76.9 million from $65.4 million
- Credit-card revenue rose to $16.2 million from $4.9 million, driving most of Gemini’s $12.2 million increase in total revenue
Summary
01 Gemini’s total revenue rose to $45.5 million as credit-card revenue climbed to $16.2 million from $4.9 million. 02 Exchange revenue dropped 38% to $12.5 million while spot matched trading volume plunged about 66% to $3.8 billion. 03 Restructuring trimmed some costs, but operating loss widened and adjusted EBITDA loss reached $74 million. The company generated $45.5 million in total revenue, up from $33.3 million a year earlier, according to its Aug. 13 quarterly filing. The decline was steeper in activity.