Gemini’s $50M quarter shows why it is moving beyond crypto trading
The post Gemini’s $50M quarter shows why it is moving beyond crypto trading appeared on BitcoinEthereumNews.com. Gemini reported $50.3 million in total revenue for the first quarter of 2026, up 42% from a year earlier. Summary Gemini’s credit card revenue jumped nearly 300%, making financial services central to its Q1 growth story. Exchange revenue fell 27% as trading volume dropped from $13.5 billion to $6.3 billion year over year. Gemini’s CFTC clearing license supports its push into prediction markets, futures, options and broader trading products. The company said the increase came from services, interest income and over-the-counter activity, while transaction revenue stayed almost flat at $24.1 million. The results show how Gemini is moving beyond its original crypto exchange model. Exchange revenue fell 27% to $17.2 million as spot trading slowed. Total trading volume dropped to $6.3 billion from $13.5 billion in the same quarter last year. Credit card revenue leads growth The l