Blockchain Report on Nostr: Gemini, the cryptocurrency exchange, reported a net loss of $107.7 million for the ...
Gemini, the cryptocurrency exchange, reported a net loss of $107.7 million for the second quarter. Despite the loss, the company's revenue saw a significant increase of 37% year-over-year, reaching $45.5 million. Gemini's platform asset size decreased by 54% to $8.4 billion, attributed to declining cryptocurrency prices and outflows from its institutional custody business. To diversify its revenue streams, Gemini is expanding into prediction markets and stock trading, with prediction market revenue reaching $500,000 in the second quarter. The exchange also reported an 18% quarter-over-quarter reduction in operating loss, with total operating expenses falling to $122.4 million.
#crypto #blockchain #news
Published at
2026-08-13 23:09:53 UTCEvent JSON
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"content": "Gemini, the cryptocurrency exchange, reported a net loss of $107.7 million for the second quarter. Despite the loss, the company's revenue saw a significant increase of 37% year-over-year, reaching $45.5 million. Gemini's platform asset size decreased by 54% to $8.4 billion, attributed to declining cryptocurrency prices and outflows from its institutional custody business. To diversify its revenue streams, Gemini is expanding into prediction markets and stock trading, with prediction market revenue reaching $500,000 in the second quarter. The exchange also reported an 18% quarter-over-quarter reduction in operating loss, with total operating expenses falling to $122.4 million.\n\n#crypto #blockchain #news ",
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