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Gemini's Crypto Shift: 42% Revenue Growth, New License
Published 1 week, 5 days ago
Description
Geminis Q1 2026 report shows a 42% revenue surge, reaching $50.3M, driven by a 297% boost in credit card business to $14.7M. Core crypto exchange revenue dropped 27% to $17.2M, with trading volumes down to $6.3B from $13.5B last year. Despite a 73% increase in operating expenses, Gemini secured a $100M strategic investment from Winklevoss Capital and obtained a DCO license, positioning them as a full-stack marketplace.
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