Gemini Volume Sinks 73% as Q3 Revenue Falls to $41M
Cost cuts narrowed the net loss to $58.6M and assets on the platform jumped to $13.4B, but GEMI shares remain down roughly 75% year to date despite an after-hours bump on the report.
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Cost cuts narrowed the net loss to $58.6M and assets on the platform jumped to $13.4B, but GEMI shares remain down roughly 75% year to date despite an after-hours bump on the report.
At a $753 million market cap, the licenses and custody infrastructure may now be worth more than the shrinking exchange inside them, and the Winklevoss twins alone decide whether any deal happens.