Gemini is a regulated cryptocurrency exchange and custody platform founded in the United States for retail and institutional digital asset users.
Despite a 27% drop in crypto exchange revenue, Gemini’s strategic expansion into consumer finance and credit products has pushed total revenue to $50.3 million, marking a major shift for the firm.
The Solana Foundation and Google Cloud have launched Pay.sh, a gateway allowing AI agents to access enterprise APIs like Gemini and BigQuery using stablecoins. No accounts or subscriptions required.
With the $550 million acquisition of Bitnomial closed, Kraken’s parent company, Payward, now holds the regulatory “Triple Crown” required to offer regulated crypto futures, options, and spot margin to US clients.
Gemini’s Olympus unit has been granted a DCO license, allowing the exchange to act as its own clearinghouse for prediction markets, futures, and options.
Gemini has introduced Agentic Trading, a new feature allowing users to connect AI models like Claude and ChatGPT directly to their exchange accounts for automated trading and market monitoring.
New York’s Attorney General has filed lawsuits against Coinbase and Gemini, claiming their prediction market platforms operate as illegal gambling under state law.
Gemini faces a class-action lawsuit alleging it misled investors after pivoting to prediction markets, as its stock plunges over 80% post-IPO.
Gemini is parting ways with its CFO, COO, and CLO in a major leadership reshuffle as rising operating costs continue to pressure profitability.
Gemini’s decision to withdraw from the UK, EU, and Australia has intensified industry concerns that slow, overlapping regulation is undermining Britain’s crypto hub strategy.
Mizuho analysts say Gemini’s exit from overseas markets and workforce cuts could accelerate profitability and drive significant upside for GEMI shares.