Gemini Reports Q1 Revenue of $50.3M, Up 42% YoY; Stock Rises 30% After Hours

According to ChainCatcher, Gemini reported first-quarter revenue of $50.3 million, up 42% from $35.3 million in the same period last year, driving a 30% after-hours stock surge. Service businesses, over-the-counter trading, and the Gemini Credit Card contributed to growth, with the credit card segment alone posting a 300% year-over-year increase and now representing nearly half of total revenue.

The exchange disclosed prediction market data for the first time. Since launching in December, the business has attracted over 20,000 users and processed more than 100 million contract trades, generating approximately $400,000 in revenue. April trading volume grew 78% compared to March.