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The post Gemini Revenue Surges 42% in Q1 2026, Credit Cards Shine appeared on BitcoinEthereumNews.com. Iris Coleman May 15, 2026 03:49 Gemini’s Q1 revenue jumped 42% to $50.3M, driven by credit card growth and new regulatory licenses, signaling a shift from trading to services. Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, reported a 42% year-over-year revenue jump in the first quarter of 2026, reaching $50.3 million. This growth was fueled largely by the explosive success of its Gemini Credit Card, which saw revenue soar nearly 300% to $14.7 million, according to the company’s May 14 earnings release. The shift underscores Gemini’s ongoing transformation from a pure-play crypto exchange to a diversified financial services platform. Transaction revenue, historically the company’s bread and butter, remained steady at $24 million for the quarter. However, crypto exchange revenue dropped 27% year-over-year to $17.2 million, reflecting a bro

The post Gemini shares surge 25% on $100M Bitcoin infusion from Winklevoss Capital appeared on BitcoinEthereumNews.com. Gemini Space Station shares rocketed more than 25% in pre-market trading after Winklevoss Capital Fund announced a $100 million strategic investment funded by Bitcoin. The infusion, priced at $14 per share, landed just as the exchange reported a first-quarter net loss of $109 million. In English: the Winklevoss twins are writing a very large check to their own company at roughly triple its recent trading price, betting the market is wrong about Gemini’s future. Shares had been hovering around $4.92 before the announcement, a painful distance from the $28 IPO price set back in September 2025. The numbers tell a complicated story Revenue climbed 42% year-over-year to $50.3 million in Q1 2026. That sounds encouraging until you look at the other side of the ledger. Operating expenses surged 73% to $144.5 million, driven by higher compensation, severance costs, and marketi