Gemini Posts $108M Q2 Net Loss as Revenue Rises 37%

Gemini shares slide after $108 million loss as Winklevoss says 'we still have work to do'

Gemini posted $107.7M Q2 loss despite 37% revenue growth; exchange volume fell 38% but credit card revenue surged 231%. Pivot to multi-asset (stocks, prediction markets, derivatives) signals pure crypto exchange unviable; diversification essential for survival.