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11/10/25
Gemini Crypto Exchange Reports 52% Q3 Revenue Surge – But $159.5M Loss Shocks Investors
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 the ticker GEMI.
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