gemini

The crypto industry is entering a new phase where exchanges are no longer relying solely on spot trading revenue. One of the clearest examples of this transformation is Gemini, which recently reported strong revenue growth while unveiling major progress in prediction markets, derivatives infrastructure, and financial services.
Gemini’s latest quarterly results reveal a company attempting to evolve from a traditional crypto exchange into a broader financial marketplace one that combines trading, prediction markets, credit products, and institutional-grade derivatives under a single ecosystem.
Gemini Reports 42% Revenue Growth
Gemini announced that its first-quarter revenue climbed to $50.3 million, representing a 42% year-over-year increase compared to the $35.3 million reported during the same period last year.
The market responded aggressively to the earnings report, with Gemini shares surging as much as 30% in after-hours trading. Investors appeared particularly encouraged by the company’s diversification strategy, especially its growing services business and entry into prediction markets.
While many crypto exchanges remain heavily dependent on trading activity, Gemini’s latest figures suggest it is successfully building alternative revenue streams.
Prediction Markets Become a Strategic Focus
One of the most notable developments from the report was Gemini’s first disclosure of operational metrics for its newly launched prediction market platform.
Since launching in December, the platform has already:
Surpassed 100 million contracts tradedAttracted over 20,000 active usersGenerated approximately $400,000 in revenue
Although these numbers are still relatively small compared to major prediction market platforms like Polymarket and Kalshi, the growth trajectory indicates rising demand for event-based trading products within the crypto ecosystem.
Prediction markets are becoming one of the fastest-growing segments in digital finance because they combine speculation, information markets, and decentralized participation into a single product category. Gemini’s expansion into this sector signals a broader industry trend where exchanges compete not only for traders, but also for users seeking political, economic, and event-based exposure.
Credit Card Business Emerges as a Revenue Engine
Another standout metric from Gemini’s earnings report was the explosive growth of its crypto-linked credit card division.
The company disclosed that:
Credit card revenue reached $14.7 millionThis represented an increase of roughly 300% year over yearThe broader services and interest segment grew more than 120%
Remarkably, services revenue now contributes nearly half of Gemini’s total quarterly revenue.
This shift is significant because it reduces the company’s dependence on volatile trading activity. During periods of lower market volume, financial products like credit cards, staking services, and custody solutions can provide more stable recurring income.
It mirrors a larger trend occurring across the crypto industry where exchanges increasingly resemble fintech companies rather than pure trading venues.
Trading Volume Declines Despite Revenue Growth
Despite the positive headline numbers, Gemini’s report also revealed some weaknesses.
The company’s exchange revenue declined by 27% year over year, while trading volume dropped from $13.5 billion to $6.3 billion.
This decline reflects broader market conditions affecting centralized exchanges:
Lower retail speculationReduced volatilityIncreased competitionMigration toward decentralized trading platforms
However, Gemini’s ability to grow total revenue despite weaker trading activity demonstrates the effectiveness of its diversification strategy.
Regulatory Progress Strengthens Gemini’s Position
Another major milestone was Gemini securing a Derivatives Clearing Organization (DCO) license from the Commodity Futures Trading Commission.
This license allows Gemini to internally manage:
CollateralSettlementClearingRisk management for derivatives products
The approval is strategically important because derivatives remain one of the largest revenue opportunities in global financial markets. With this infrastructure in place, Gemini can move closer toward offering:
FuturesOptionsPerpetual contractsAdvanced prediction products
CEO Tyler Winklevoss described the vision as transforming Gemini from “a crypto company into a markets company.”
That distinction matters.
Rather than simply facilitating crypto trades, Gemini aims to become a full-stack financial marketplace where users can speculate, hedge, trade, and participate across multiple asset classes and event-driven products.
Winklevoss Twins Double Down With $100 Million Investment
Gemini also announced a fresh $100 million investment from founders Tyler Winklevoss and Cameron Winklevoss through their Winklevoss Capital Fund.
Interestingly, the investment was funded in bitcoin, reinforcing the founders’ continued long-term conviction in digital assets despite market volatility.
Founder-backed capital injections often send a strong confidence signal to institutional investors and market participants, particularly during periods of uncertainty in the crypto sector.
The Bigger Picture for Crypto Exchanges
Gemini’s latest earnings reveal a larger transformation happening across the digital asset industry.
The next generation of successful crypto companies may not be the exchanges with the highest trading volume. Instead, they may be the firms capable of building:
Financial ecosystemsPrediction marketsInstitutional derivatives infrastructureConsumer fintech productsYield-generating services
As competition intensifies and trading margins compress, diversification is quickly becoming essential for survival.
Gemini’s strategy suggests that the future of crypto exchanges lies not just in buying and selling tokens, but in becoming integrated digital financial platforms that combine trading, forecasting, payments, and financial services into one unified experience.
While the company still faces challenges including continued net losses and declining exchange volume its rapid expansion into new markets positions it as one of the more ambitious players attempting to redefine what a crypto exchange can become.
#Gemini #crypto #TradingTales #Signal. #Binance

Gemini’s latest quarterly update paints a picture of a fast-expanding business shouldering the weight of its own ambition. The U.S.-based crypto exchange ended the third quarter with a net loss of $159.5 million, a setback largely tied to a surge in operating expenses that accompanied its move into the public markets.
Rising Costs Overshadow Revenue Momentum
After listing on Nasdaq on September 12, 2025, Gemini saw its operating costs climb more than 70% quarter-over-quarter, jumping from $98.7 million in Q2 to $171.4 million in Q3. Much of that increase stemmed from stock-based compensation linked to the IPO, along with stepped-up marketing efforts—particularly those tied to the exchange’s bitcoin-branded Gemini credit card and broader platform development initiatives.
Even with the heavier cost load, the company reported meaningful top-line progress. Total revenue grew roughly 34% to $50.6 million, a move driven primarily by the performance of its service-related business lines.
Trading Activity and Service Expansion Drive Revenue Growth
Trading revenue remains the backbone of Gemini’s income. In Q3, it brought in $26.3 million—more than half of total revenue—supported by rising activity from both retail and institutional clients. Although lower average retail trading fees offset some of that growth, overall volume trends were strong enough to push the segment forward.
The standout performer, however, was Gemini’s service-based revenue. This line surged 111% quarter-over-quarter to $19.9 million, reinforcing how central diversification has become to the exchange’s long-term strategy.
In a note highlighting the quarter’s trends, the company emphasized that the results “reflect the growing health of the Gemini marketplace and the increasing depth of liquidity across customer segments.” Gemini reiterated that its dual-channel model—serving both retail and institutional users—continues to deliver a balanced foundation for expansion.
Inside the Q3 Cost Breakdown
The shareholder letter accompanying the earnings results offered a detailed look at the $171.4 million in operating expenses. Compensation and headcount expenses nearly doubled, rising from $36.8 million in the previous quarter to $82.5 million. A major factor was $45.8 million in stock-based compensation tied to equity awards granted as part of the IPO process.
These heavy upfront costs, while weighing on current profitability, are positioned as investments meant to fortify Gemini’s infrastructure, talent pool, and product ecosystem.
Looking Ahead: Building for the Long Game
Despite the quarterly loss, Gemini maintained a forward-looking stance. The exchange noted that its focus is on building a platform capable of taking advantage of bull-market momentum while remaining resilient during less favorable periods.
As the company continues expanding its revenue mix and bolstering its product suite, it appears intent on balancing short-term financial pressure with long-term strategic growth—an approach that may determine how effectively Gemini positions itself in an increasingly competitive digital asset landscape.
#Binance #Gemini $BTC $ETH $BNB

Bitcoin billionaires Tyler and Cameron Winklevoss, long-time supporters of President Donald Trump, have found themselves clashing with his nominee for CFTC chair, Brian Quintenz. The dispute, unfolding amid their company Gemini’s IPO, highlights how politics and crypto are becoming increasingly intertwined in Washington.
Private Messages, Public Scandal
The conflict escalated when Brian Quintenz posted private messages from Tyler Winklevoss on X. In them, Tyler complained about years of legal pressure from the Biden administration and pleaded for help:
“7 years of trophy hunting by lawyers. It’s outrageous what they did to us,” Tyler wrote in July.
The revelation drew major attention since the brothers had invested millions of dollars in Trump’s campaign and pro-crypto political groups, yet chose to go against his nominee.
Gemini: Big Plans, Harsh Reality
The IPO of Gemini Space Station raised $425 million last week, but disappointment soon followed – shares plunged more than 20%, falling below the IPO price of $28.
Founded in 2014, Gemini today leaves the twins with around 75 million shares and 94.7% of voting rights. Still, the exchange has struggled with losses, while bigger players like Coinbase continue to dominate.
Political Power and Million-Dollar Donations
At 44, the twins are fully embedded in politics:
🔹 Poured millions into Trump’s presidential campaign
🔹 Donated nearly $5 million to pro-crypto advocacy groups
🔹 Last month, contributed $21 million in bitcoin to the Digital Freedom Fund, a new super PAC backing crypto and Trump
Trump, in return, openly praised them – at a Bitcoin event he called them “male models with big, beautiful brains”. The twins also joined the elite Washington club Executive Branch, alongside David Sacks and Donald Trump Jr., where membership costs $500,000 just to get in.
Nomination Stalled, New Names Emerge
While the feud rages on, Brian Quintenz’s path to the CFTC chair has stalled. The White House is now weighing other candidates:
Michael Selig, legal counsel at the SEC’s crypto working groupTyler Williams, advisor to Treasury Secretary Scott Bessent and former Galaxy Digital staffer
Both have strong crypto backgrounds and are now frontrunners.
Winklevoss Twins: Conflict as a Strategy
The Winklevoss brothers have a history of high-profile conflicts – from suing Mark Zuckerberg over Facebook, a story later told in The Social Network, to their long battle for the first Bitcoin ETF, ultimately blocked by the SEC. This time, however, their fight goes straight to the heart of U.S. politics.
Critics argue it’s less about policy and more about personal vendettas.
Lee Reiners of Duke University put it bluntly:
“It’s a full-blown tantrum. It’s about revenge and punishment… not necessarily about future policy.”
The Bottom Line
Washington is left wondering why two of Trump’s wealthiest allies are so determined to sink one of his own nominees. And as the leadership of the CFTC remains undecided, crypto regulation is moving ever deeper into the core of U.S. national politics.
#WinklevossTwins , #TRUMP , #Gemini , #bitcoin , #USPolitics
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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Le 25 août 2025, Gemini, Ripple et WebBank ont officiellement lancé la première Mastercard XRP-branded. Cette carte convertit instantanément le XRP en monnaie fiat au moment du paiement avec un coût de conversion de seulement 1 %, tout en offrant un cashback de 4 % en XRP. Le projet est soutenu par un investissement massif de 75 millions de dollars de la part de Ripple et Gemini, et a reçu une attention médiatique notable.
#Xrp🔥🔥 #Gemini #Mastercard
$XRP

Crypto exchange Gemini has reached a preliminary agreement with the U.S. Securities and Exchange Commission (SEC) that could bring an end to one of the most closely watched legal battles in recent years. The case revolves around the controversial Gemini Earn lending program, which involved hundreds of thousands of users and billions of dollars in crypto assets.
Preliminary Agreement in New York Court
According to filings in federal court in Manhattan, attorneys for both the SEC and Gemini stated they had reached an “agreement in principle” to fully resolve the dispute. Judge Edgardo Ramos has been asked to pause deadlines until December 15, while final documentation is completed.
Neither Gemini nor the SEC has yet issued a public statement. Reuters, which first reported the development on September 16, noted that the agreement marks a significant step toward closing the prolonged conflict.
How the Earn Dispute Began
The Gemini Earn program allowed customers to lend their crypto, including Bitcoin, to Genesis Global Capital in exchange for interest payments. Gemini collected fees of up to 4.29% from these transactions. At its peak, the program attracted hundreds of thousands of participants.
Trouble began in November 2022 when Genesis froze withdrawals following the collapse of FTX. By January 2023, Genesis filed for bankruptcy, leaving around $900 million in customer assets locked, affecting roughly 340,000 Gemini Earn users.
The SEC then sued both Gemini and Genesis, alleging they bypassed disclosure rules designed to protect investors. Genesis later paid a $21 million fine to settle without admitting wrongdoing, while Gemini continued to fight the allegations.
This preliminary settlement now signals Gemini may also be ready to close the case, though final terms remain subject to SEC approval.
IPO and Shifting Regulatory Climate
The news comes shortly after Gemini completed its initial public offering (IPO), raising $425 million at a valuation of $3.3 billion. Since then, shares have risen to $32.52, up 16% from the original offering price of $28.
The timing underscores Gemini’s effort to move beyond the Earn controversy while positioning itself as a publicly traded company. The broader regulatory climate has also shifted: since President Donald Trump took office in January 2025, the SEC has softened its oversight of the crypto sector, reflecting a wider policy shift that has benefited firms like Gemini.
A New Chapter for the Winklevoss Twins
For co-founders Tyler and Cameron Winklevoss, whose combined net worth is now estimated at $4.6 billion, a settlement could remove a major overhang at a pivotal moment. It would allow Gemini to focus on growth and strengthening its market position, now as a fully public exchange.
The preliminary settlement between Gemini and the SEC could symbolize not only the closure of one of the largest crypto disputes of the decade but also the beginning of a new era, where regulation and business move closer together.
#Gemini , #SEC , #crypto , #Regulation , #CryptoNews
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“