Crypto

Gemini revenue falls 19% to $40.9 million as trading slumps

Gemini's retail trading volume fell to a three-year low this quarter. Its third-quarter revenue dropped 19% to $40.9 million as trading slowed.

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Gemini reported that its retail trading volume in the quarter fell to a three-year low. Retail trading means buying and selling by individual customers rather than by large institutions.

Third-quarter revenue fell 19% to $40.9 million as trading volume plunged. No further breakdown of the figures was given, so the reasons behind the drop are not clear.

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