In brief
- Shares rose more than 7% after hours following results showing services revenue overtook trading for the first time amid aggressive cost cutting measures in the form of job layoffs.
- Gemini highlighted early traction in its newly launched prediction markets business after securing a U.S. regulatory licence.
- Trading volumes fell sharply quarter-on-quarter, reflecting softer crypto market activity.
Gemini shares climbed in after-hours trading on Thursday after the crypto exchange business reported a shift toward more stable revenue streams and outlined an expansion into prediction markets, even as trading activity declined.
The stock rose about 7% to $6.45 in late trading after closing at $6.01, as investors appeared to focus on…
