Gemini’s $159M Loss: A Painful Lesson for Crypto Startups
It’s hard to believe that a company like Gemini, one of the top exchanges out there, could lose a staggering $159 million in just one quarter. But that’s exactly what they did in Q3, even as their revenue more than doubled. This situation raises so many questions about how crypto exchanges can survive and thrive in such a cutthroat environment. With regulations tightening and costs rising, understanding what went wrong—and what went right—is crucial for anyone invested in the crypto world.
The Enigma of Boom and Bust: Analyzing Gemini’s Q3
Gemini’s third-quarter breakdown is a head-scratcher, to say the least. They pulled in $50.6 million in revenue, which sounds great on paper, but the reality is a lot more complicated. They…
