Gemini Shares Rise After Hours as Investors Back Shift Beyond Crypto Trading
Gemini’s stock rose about 7% in after-hours trading after the company reported a strategic shift toward stable revenue streams and announced expansion into prediction markets, despite declining trading volumes. Fourth-quarter trading volume fell 30% to $11.5 billion, but transaction revenue remained steady due to revised fee structures and more retail trades with premium order types. For the first time, services and interest revenue exceeded transaction revenue, with services revenue up 33% quarter-on-quarter to $26.5 million, boosted by growth in credit card usage and user engagement. Annual services revenue more than doubled, contributing to a 26% rise in total revenue to $179.6 million, though Gemini still posted a net loss of $582.8 million for 2025. The launch of a regulated prediction markets platform and expansion of its credit card business are driving diversification. Cost-cutting measures include reducing the workforce by 30% and pulling back from international markets to focus on the U.S. Investors responded positively, encouraged by Gemini’s efforts to reduce reliance on crypto trading and pursue more predictable income sources.
