Gemini Q2 Revenue Rises 37% to $45.5M on Credit Card Growth

Gemini reported $45.5M in Q2 revenue, up 37% YoY. Credit card income offset a 38% drop in exchange fees, while prediction market volume nearly doubled.

Woofun AI data shows that Gemini generated $45.5 million in revenue during the second quarter, representing a 37% increase compared with the same period last year. This growth was primarily driven by its credit card business, which compensated for a 38% decline in exchange revenue. Trading fees fell due to reduced activity among retail and institutional clients, reflecting broader market conditions.

Meanwhile, prediction market trading volume nearly doubled from the previous quarter, generating approximately $500,000 in revenue. The company's diversification into consumer finance and alternative products addresses headwinds from lower trading volumes and regulatory scrutiny.