Card growth lifted total revenue, but trading volume fell about 66% and year-over-year operating costs remained elevated.
The post <a href="https://cryptoslate.com/latest-gemini-earnings-expose-cryptos-new-exchange-reality-more-total-revenue-less-crypto-trading/">Latest Gemini earnings expose crypto’s new exchange reality &#8211; more total revenue, less crypto trading</a> appeared first on <a href="https://cryptoslate.com">CryptoSlate</a>.

Gemini's latest earnings report indicates that while total revenue increased due to card growth, trading volume experienced a significant decline of about 66%. Additionally, year-over-year operating costs remained high.

Latest Gemini earnings expose crypto’s new exchange reality – more total revenue, less crypto trading

<img src="https://s3-images.ctmedia.io/media/article-covers/hi-libra-vs-gemini-as-us-regulation-pioneer2.jpg" alt="Gemini posts $108M Q2 net loss despite 37% revenue growth" class="type:primaryImage">Credit card and staking revenue drove Gemini’s services growth in Q2 as exchange revenue fell 38% and trading volume dropped by two-thirds.

Gemini reported a net loss of $108 million in Q2, despite a 37% increase in revenue driven by credit card and staking services. This growth occurred alongside a 38% decline in exchange revenue and a two-thirds drop in trading volume.

Gemini posts $108M Q2 net loss despite 37% revenue growth

Gemini posted a $107.7 million Q2 loss as trading volume fell 66%, while services, credit cards and prediction markets supported revenue growth.

Gemini reported a $107.7 million loss in Q2 as trading volume decreased by 66%. Despite this decline, revenue growth was supported by services, credit cards, and prediction markets.

Gemini posts $107.7M Q2 loss as spot volume drops 66%

أبلغت جيميني عن خسارة صافية قدرها 108 مليون دولار في الربع الثاني، على الرغم من زيادة الإيرادات بنسبة 37% مدفوعة بخدمات بطاقات الائتمان والتخزين. وقد تزامن هذا النمو مع انخفاض بنسبة 66% في حجم التداول وانخفاض بنسبة 38% في إيرادات التبادل، مما يبرز بيئة صعبة لتبادلات العملات المشفرة.

Gemini informó de una pérdida neta de 108 millones de dólares en el segundo trimestre, a pesar de un aumento del 37% en los ingresos impulsados por los servicios de tarjetas de crédito y staking. Este crecimiento coincidió con una caída del 66% en el volumen de operaciones y una disminución del 38% en los ingresos de intercambio, destacando un entorno desafiante para los intercambios de criptomonedas.

Gemini a annoncé une perte nette de 108 millions de dollars au deuxième trimestre, malgré une augmentation de 37 % des revenus tirés des services de cartes de crédit et de staking. Cette croissance a coïncidé avec une baisse de 66 % du volume des échanges et une diminution de 38 % des revenus d'échange, soulignant un environnement difficile pour les échanges de crypto.