Cryptocurrency exchange Gemini announced its Q3 2026 financial results, reporting total revenue of $40.9 million, a 19% year-over-year decrease and a 10% quarter-over-quarter decrease. Net loss was $58.6 million, narrowing from nearly $160 million in the same period last year and $107.7 million in the previous quarter. Operating expenses decreased by 30% year-over-year to approximately $120 million. Gemini's Q3 trading volume was $4.5 billion, a 73% year-over-year decrease but an 18% quarter-over-quarter increase. Exchange revenue decreased by 47% year-over-year to $13.4 million, while credit card revenue decreased by 4% quarter-over-quarter to $15.5 million. Platform assets under management increased from $8.4 billion in Q2 to $13.4 billion. Furthermore, Gemini's forecast market revenue increased by 52% quarter-over-quarter to $800,000. The company is seeking to open its trading and clearing infrastructure to brokers interested in providing event contracts, and its partnership with Apex Fintech Solutions is currently in the preliminary agreement stage. (The Block) https://(wublock123.com)/news/gemini-q3-volume-down-73pct-revenue-40-9m-loss-narrowed-71862