Gemini's revenue improved 42% year-over-year to $50.3 million, helping narrow its net loss by 27% from $149.3 million a year earlier.

Gemini posted $50.3 million in total revenue in Q1, pointing to growth in services, OTC trading and its crypto-linked credit card segment.

The company also topped revenue expectations for the quarter and posted a narrower-than-expected loss than analysts anticipated, according to FactSet.