Gemini shares sink 7% after $108M Q2 loss
The Q2 print is bearish on its face, but the structural story is worse: trading volume fell two-thirds YoY, and AUM halved to $8.4B as the core crypto exchange business dwindles.
Every Zipp story tagged #CryptoExchange, newest first.
The Q2 print is bearish on its face, but the structural story is worse: trading volume fell two-thirds YoY, and AUM halved to $8.4B as the core crypto exchange business dwindles.
88% of net revenue now sits outside Bitcoin spot trading, yet Coinbase's third straight quarterly GAAP loss shows that every replacement line it has built still earns more when balances grow and…
The case marks a sharp escalation in SEC enforcement: executives at a crypto exchange are now personally in the regulator's crosshairs for concealing a nine-figure theft from their own users.
The exchange made customers whole by October 2021, but the regulator's criminal referral over disclosure failures now lands as the precedent Thai-licensed venues will be measured against.
The deal marks one of South Korea's largest traditional financial institutions planting a full-scale flag in domestic crypto infrastructure, with a stake increase to 97.15% expected before the week…
Citadel Securities's first move into Crypto.com mirrors its $200M Kraken bet from five months ago, a dual signal that institutional capital is now underwriting the top venues at scale.
Kraken is moving beyond the venue model: agentic trading reframes the exchange as the rails for autonomous, goal-driven execution, with payments, banking and lending in the same product surface.
The deal would extend a string of Korean broker-into-exchange tie-ups, signaling that traditional finance now sees domestic crypto venues as core distribution rather than a side bet.
OKX has confirmed a $53 million investment to acquire a 20% stake in Coinone, one of South Korea's established licensed…
Gemini, the crypto exchange founded by the Winklevoss twins, has launched an AI-powered data feed built on Grok, the…
The feature isolates AI trading activity from a user's main account — capping leverage, withdrawals, and permissions per agent — and ships as API-only from day one.
Revenue ticked up 3% year-over-year but EBITDA collapsed to $18M as Kraken spends through the cycle on tokenized equities, derivatives, and stablecoin rails ahead of a delayed 2027 IPO.
Kraken's parent firm grew top-line revenue through the latest crypto downturn, signaling that major exchanges can still scale on volume mix and derivatives — not just bull-market spot activity.
The Winklevoss-funded bitcoin infusion lands the same quarter Gemini cut 25% of staff, exited three jurisdictions, and cleared a CFTC derivatives license — the market is betting the strategic pivot…
A deal would land a top global offshore exchange inside one of South Korea's four major domestic venues, putting a real institutional tradfi partner in the cap table alongside OKX.
A potential minority stake in Coinone lands on the same day Hana Bank disclosed a $670M anchor in Dunamu, the parent of Upbit — South Korea's two largest venues reshuffling ownership in a single…
The headline is growth, but the real story sits in two product lines no incumbent exchange is built for: a prediction market that crossed 100M contracts in under a year, and a card business already…
A massive GAAP loss masks a sharply stronger operating profile: adjusted revenue jumped from $62.4M to $92.8M and EBITDA more than doubled, framing the quarter as one for the underlying business…
South Korea's largest exchange is the first major venue to cut NKN support — the June 15 trading halt and ~30-day withdrawal window frame how thinly the altcoin is held across the country's retail…