Crypto exchange Gemini reported a $107.7 million net loss in Q2 2026, marking its fourth consecutive quarterly loss. Revenue rose 37% year over year to $45.5 million, helped by growth in services, credit card and staking revenue. However, exchange revenue fell 38% as trading activity weakened. Assets on the platform dropped 54% to $8.4 billion, partly due to lower crypto prices and institutional custody outflows. Gemini is also expanding into prediction markets and stock trading to diversify its revenue.
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