Gemini, the crypto exchange founded by the Winklevoss twins, reported a strong Q3 performance with net revenue rising 52% to roughly $49.8 million, driven by higher transaction fees and fast-growing services such as its crypto credit card, staking, and custody offerings. Trading volume climbed, and services revenue surged, reflecting Gemini’s push into diversified crypto products and international expansion. This marks Gemini’s first earnings update since its Nasdaq IPO under

Gemini filed for a Nasdaq IPO under the ticker GEMI, revealing steep losses and a new credit arrangement. The exchange reported a net loss of about $282.5 million for the first half of 2025, a sharp widening from roughly $41.4 million in H1 2024.