TheBlock
Gemini reported 42% revenue growth in its latest results, sending shares sharply higher as the exchange also disclosed its first metrics for the prediction market platform it launched in December. The platform has already surpassed 100 million contracts traded, a milestone that signals genuine user traction in one of crypto's fastest-growing product verticals.
The standout line in the financials is the credit card segment, which now accounts for nearly half of total revenue and has grown 300% year-over-year. That kind of contribution from a non-trading product suggests Gemini is successfully diversifying its revenue base away from the spot and derivatives volumes that have historically made crypto exchange economics volatile.
Together, the prediction market adoption figures and the credit card surge paint a picture of an exchange that is expanding its addressable market on two fronts…
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