Bullish stock dropped in trading with the crypto exchange’s first-quarter earnings miss, adding to the crypto companies that have underperformed in the quarter.
OKX plans a possible investment in crypto exchange Coinone as South Korea’s crypto market attracts major global exchanges and financial companies. South Korea’s crypto market may soon see a major global partnership. OKX is discussing a possible investment in Coinone, South Korea’s third-largest crypto exchange. According to Yonhap News, OKX is working with Korea Investment […]
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Hana Financial Group, one of South Korea’s four largest banking conglomerates, announced on May 15 that its flagship Hana Bank has approved the purchase of a 6.55% stake in Dunamu — the operator of Upbit, South Korea’s dominant crypto exchange — from Kakao Investment for approximately 1 trillion Korean won, equivalent to roughly $670 million, […]
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Shares in the US crypto exchange Bullish fell on Thursday after the company’s first-quarter earnings missed analysts’ top and bottom line expectations. Bullish’s adjusted revenue for the quarter ended March 31 was $92.8 million, up from $62.4 million a year ago, but below Wall Street expectations of $95.4 million. The company reported a net loss of $604.9 million, deeper than its $348.6 million loss in the prior-year period. Its adjusted earnings per share were 13 cents, below estimates of 17 cents. Bullish is the latest crypto company to report an earnings miss after the wider crypto market fell from January to March, with Bitcoin falling 24% over the quarter, according to CoinGecko. Shares of Bullish (BLSH) fell 5.6% during Thursday’s trading session to close at $39.46, then rose 1% in after-hours trading. Shares in Bullish dropped on Thursday on the company’s first-quarter results. Source: Googl
The post Gemini Revenue Jumps 42% With Credit Cards and New Licenses appeared on BitcoinEthereumNews.com.
Crypto company Gemini reported a 42% year-on-year increase in revenue in Q1 2026 as it continued its growth from a pure crypto exchange into a financial services company. Total revenue for the Winklevoss twins’ company grew 42% year-on-year to $50.3 million in the first quarter, while transaction revenue remained stable at $24 million, the company reported Thursday. However, its crypto exchange revenue decreased 27% year-on-year to $17.2 million, “reflecting lower spot trading activity and a moderation in crypto market volumes,” while total trading volume declined to $6.3 billion from $13.5 billion in Q1 2025. The biggest increase was in credit card revenue, which surged nearly 300% to $14.7 million, driven by significant growth in the Gemini Credit Card user base, the company said. The expansion from crypto into broader financial services began in early 2021, when the company an
OKX's potential stake in Coinone could enhance global crypto exchange influence in South Korea, impacting local market dynamics and competition.
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