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Gemini Sees Exchange Revenue Plunge Amid Crypto Volume Declines

Guavy AI Editorial Team
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Gemini's Exchange Revenue Fell Sharply in Q2

The cryptocurrency exchange Gemini reported its quarterly results for the second quarter of 2026, showing a significant decline in exchange revenue.

Exchange revenue fell by 38% to $12.5 million compared to the same period last year, while services revenue rose by 149% to $26 million, led by credit card and staking income.

Total operating expenses were down 15% sequentially but up 24% year-over-year at $122.4 million.

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