Gemini (GEMI) Stock Drops 3.9% After Launching Commission-Free Stock Trading Platform
The post Gemini (GEMI) Stock Drops 3.9% After Launching Commission-Free Stock Trading Platform appeared on BitcoinEthereumNews.com. Key Takeaways Gemini rolled out commission-free U.S. stock trading Tuesday, providing access to thousands of exchange-listed equities through its mobile platform. Shares of GEMI declined 3.9% following the launch announcement; Coinbase (COIN) lost 2.4% and Robinhood (HOOD) slipped 2.3%. Real-time market data will be provided by Nasdaq; Apex Clearing Corp. serves as the clearing and custody partner. Alabama, Arkansas, Illinois, Massachusetts, Texas, Puerto Rico, Washington D.C., and Guam residents cannot access the new service. GEMI is currently priced at $4.35, representing an 86% decline year-over-year, despite recording 39% revenue growth over the trailing twelve months. Gemini Space Station unveiled its commission-free stock trading platform for U.S. investors on Tuesday, marking a strategic expansion beyond cryptocurrency as the Winklevoss brothers pur