Gemini’s Q3 Loss Shrinks, but Crypto Marks Did Much of the Work

Poin penting

• Cryptocurrency exchange Gemini, founded by the Winklevoss brothers, reported a smaller loss in the third quarter primarily due to accounting adjustments on its crypto holdings.
• Despite this narrowing loss, quarterly revenue dropped 19% year-over-year to $40.9 million.
• Additionally, while trading volume rose from the prior quarter, it remained down 73% compared to the previous year.

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