- Gemini trading volume fell 66% to $3.8B as exchange revenue dropped 38%.
- Credit card revenue surged 231% as Gemini expanded beyond crypto trading.
- Stocks and prediction markets broaden Gemini’s services as crypto revenue weakens.
Gemini’s trading volume declined in the second quarter as the crypto exchange faced lower customer activity and declining digital asset prices, putting pressure on its traditional revenue base. The trading volume dropped from $11.3 billion a year earlier to $3.8 billion, while exchange revenue fell by 38% to $12.5 million.
At the same time, Gemini increased revenue from credit cards, staking, over-the-counter services, and other financial products, raising questions about how quickly the company can reduce its reliance on crypto trading.
Gemini Trading Volume Falls as Exchange Revenue Shrinks
Gemini’s main exchange recorded a 6…
Read The Full Article Gemini Trading Volume Drops 66% as Non-Trading Revenue Surges On Coin Edition.
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