Crypto Exchange Gemini Shrank in Q3. So Why Did Its Stock Rise?
Gemini Space Station (GEMI), parent of the Gemini crypto exchange, reported third-quarter revenue of $40.9 million on November 12. That was 19% lower than a year earlier, as spot trading volume fell 73%. Gemini stock still climbed 3.05% to $2.70 in after-hours trading on Thursday. The same report showed a smaller loss…
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Cryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
More about CryptocurrencyRevenue
The total money a company earns from selling goods or services before any costs are subtracted.
Revenue growth shows demand for a company's products; profit shows whether it earns money from them.
More about RevenueMore in Finance
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