Gemini reported first-quarter revenue of $50.3 million after posting strong growth across exchange services, credit products and institutional trading activity.
Revenue increased forty-two percent compared with the same period last year while the company also secured a $100 million investment from Winklevoss Capital funded entirely in Bitcoin.
Gemini’s credit card business emerged as one of the strongest performers, with revenue nearly tripling and customer signups rising significantly. Over-the-counter trading also recorded strong growth as larger institutional transactions increased.
Despite reporting continued losses, Gemini improved overall performance compared with last year while expanding into newer business areas including prediction markets.
The company revealed user activity and trading volumes for the segment for the first time since launch.
The results show crypto firms increasingly diversifying beyond exchange revenue and building broader financial ecosystems around payments, trading and market products.
Our Q1 earnings are now live, including the news that we have received a $100 million strategic investment from @winklevosscap helping to fuel our growth from a crypto company into a markets company.
Our total revenue in Q1 2026 grew 42% YoY to $50 million, while transaction… pic.twitter.com/hPQGwwzRfw
— Gemini (@Gemini) May 14, 2026
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