Gemini Posts Fourth Consecutive Quarterly Loss as Spot Trading Plummets
Gemini reported a $107.7 million net loss for Q2, its fourth consecutive quarterly loss since listing on the Nasdaq in September 2025.
Total revenue rose 37% year over year to $45.5 million, driven by expanding services revenue.
Squarely opposite of this growth was the decline in spot trading volume, which plummeted 66% year over year to $3.8 billion amid weaker crypto markets.