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Gemini's Q3 platform assets jump 60%, credit card revenue leads but total revenue dips 19% YoY

Protocol Fundamentals
15 Nov 2026, 05:08 WIB
Tokenpost
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Neutral
Gemini's Q3 platform assets jump 60%, credit card revenue leads but total revenue dips 19% YoY

Gemini saw its platform assets rise nearly 60% in Q3 2026 to $13.4 billion, driven by growth in its credit card business, which generated $15.5 million in revenue, the largest segment for the company. Despite this, total revenue fell 19% year over year to $40.9 million, with exchange revenue down 47% YoY but up 7% sequentially due to higher institutional trading. The company reported a net loss of $58.6 million, an improvement from previous quarters, helped by a 30% reduction in operating expenses. While trading volumes remain well below last year's levels, the sequential improvements suggest some recovery in activity.

Gemini platform assets rose nearly 60% in Q3 2026. For readers following cryptocurrency markets, here is Pluang's snapshot as of Nov 15, 2026 09:31 WIB: out of 50 major cryptocurrencies, 4 rose and 45 fell. Notable movers include BAL up 11.14%, AVAX down 10.64%, and UNI down 9.84%.

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