Gemini's Q4: Revenues Surge, Losses Widen
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Gemini crypto exchange reports record Q4 revenues, beats estimates; shares surge. Despite trading volumes down, the company saw a 39% year-over-year increase in revenues, reaching $60.3 million. However, net losses widened to $140.8 million, with full-year losses at $585 million. Gemini cut staff by 30% and invested in AI, now handling 40% of code changes. The company launched prediction markets and plans to expand, grow credit card programs, and focus on US market amid Bitcoins recent dips and pro-crypto regulatory environment.
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