Gemini posts $108 million loss as crypto slump drains exchange volumes

AI Summary Gemini reported a second-quarter net loss of $107.7 million on August 13 and its shares fell by over 7% in after-hours trading. This is the clearest sign so far that a crypto downturn in the marketplace is now damaging exchanges that continue to generate revenue from trading fees. The damage was primarily to Gemini’s business... fulltext: 336 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.cryptopolitan.com/gemini-posts-108-million-loss-as-crypto-slump-drains-exchange-volumes/ Source: CryptoPolitan