Gemini Posts $50M Q1 Revenue, Gets $100M Bitcoin Investment

Cryptocurrency exchange Gemini reported total revenue of $50.3 million for the first quarter of 2026. This represents a 42% increase compared to the same period in 2025. Services revenue and interest income rose 122% to $24.5 million and now account for 49% of total revenue, up from 31% a year earlier. Credit card revenue nearly quadrupled to $14.7 million. Traditional exchange revenue fell 27% to $17.2 million as trading volume dropped to $6.3 billion from $13.5 billion in Q1 2025.

Founders invest $100 million paid in BitcoinWinklevoss Capital Fund, the venture capital vehicle operated by Gemini founders Cameron and Tyler Winklevoss, invested $100 million in Gemini at $14 per share. The investment was paid entirely in Bitcoin (BTC), a digital currency. At the time of the announcement, Gemini shares traded at $6.11 on the Nasdaq stock exchange under the ticker GEMI — well below the $14 investment price. Shares rose more than 16% from their previous closing price of $5.26.

"We believe the market has significantly undervalued Gemini, and that this investment will allow us to set up the company for its next phase of growth.", 14 May 2026. — Tyler Winklevoss, CEO, Gemini Space Station Inc.

Gemini receives CFTC clearinghouse licenceGemini's subsidiary, Gemini Olympus, LLC, received a Derivatives Clearing Organization (DCO) licence from the United States Commodity Futures Trading Commission (CFTC), announced on 30 April 2026. A DCO licence authorises a company to settle derivatives trades — contracts whose value depends on an underlying asset — in-house rather than through a third party. Gemini had already received designation as a Designated Contract Market (DCM) in December 2025. The two licences together give Gemini the infrastructure to offer prediction markets, futures, and options directly on its platform.

"Today marks a major milestone in Gemini's marketplace expansion. In addition to our crypto spot marketplace, Gemini now has a full-stack, end-to-end marketplace for predictions as well as futures, options, and more.", 30 April 2026. — Cameron Winklevoss, President, Gemini Space Station Inc.

GEMI shares remain down over six monthsDespite the post-announcement surge, GEMI shares remain down 51% over the previous six months, according to Yahoo Finance data cited at the time of the announcement. The stock recovered approximately 26% in the month before the announcement. The investment price of $14 per share stood well above the exchange's trading price of $6.11 on the day of the announcement. GEMI shares remain down over six monthsDespite the post-announcement surge, GEMI shares remain down 51% over the previous six months, according to Yahoo Finance data cited at the time of the announcement. The stock recovered approximately 26% in the month before the announcement. The investment price of $14 per share stood well above the exchange's trading price of $6.11 on the day of the announcement. Despite the post-announcement surge, GEMI shares remain down 51% over the previous six months, according to Yahoo Finance data cited at the time of the announcement. The stock recovered approximately 26% in the month before the announcement. The investment price of $14 per share stood well above the exchange's trading price of $6.11 on the day of the announcement. Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment. All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions. Coinpaprika is not liable for any losses resulting from the use of this information.