In brief – Gemini reported Q1 2026 revenue of $50.3 million, up 42% year-over-year. – The crypto exchange secured a $100 million strategic investment from Winklevoss Capital Fund at $14 per share, paid in Bitcoin. – Gemini Olympus, LLC received a Derivatives Clearing…
ganization license from the CFTC on April 30. Cryptocurrency exchange Gemini, the platform founded by Cameron and Tyler Winklevoss that trades on NASDAQ as GEMI, reported first-quarter revenue of $50.3 million while securing a $100 million Bitcoin investment from Winklevoss Capital Fund at $14 per share, according to a company announcement
GEMI shares spiked in pre-market trading and are currently changing hands at $6.11, up more than 16% from Friday’s closing price of $5.26. Shares rose as high as $6.96 before falling. Gemini shares have rebounded nearly 26% in the last month, but remain down 51% over the last six months, per Yahoo Finance. “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,” said Gemini CEO Tyler Winklevoss, in a statement. “Gemini has achieved several major product and regulatory milestones that position us well to evolve from a crypto company into a markets company.
This investment will help fuel that ambition and set Gemini up for long-term success.” The 42% year-over-year revenue growth reflected Gemini’s accelerating shift beyond traditional crypto trading. Services revenue and interest income surged 122% to $24.5 million, now representing 49% of total revenue compared to 31% a year ago. Credit card revenue nearly quadrupled to $14.7 million.