Lessons from Gemini’s Financial Woes for Crypto Startups
It seems like Gemini’s been having a bit of a rough patch, huh? The Winklevoss twins’ famed exchange just posted a whopping net loss of $282.5 million in the first half of 2025. Despite the broader crypto market looking bullish, with Bitcoin soaring and trading volumes shooting up, they just can’t catch a break. This is a clear indication that even in an upswing, not all exchanges are created equal, and it’s a harsh reminder of how fast things can turn.
The Regulation and Market Volatility Tango
To add salt to the wound, they’ve also been hit hard by regulatory pressure. Transferring most U.S. users to Moonbase – their new entity in Florida – might feel like a strategic play to dodge New York’s stringent BitLicense rules. But it’s…
