Gemini Space Station

GEMI

Market cap $897M

The U.S. Securities and Exchange Commission on Friday agreed to dismiss its enforcement case against a cryptocurrency exchange founded by billionaire twins Tyler and ​Cameron Winklevoss, after investors in its lending program recovered their assets ‌in full.

SAN DIEGO--(BUSINESS WIRE)--Cubist, provider of the secure operating system for digital assets, today announced the appointment of Rohan Chauhan, CFA as President. In this role, Mr. Chauhan will lead Cubist's institutional go-to-market strategy, creating the bridge between the regulatory requirements of institutions and the high-speed demands of modern crypto market structure. Mr. Chauhan previously served as Director of Strategy at Gemini (NASDAQ: GEMI) and CEO of the company's prediction mark.

Patrick Moley, Piper Sandler, joins 'The Exchange' to discuss strong growth in prediction markets, sports betting, and more.

John Todaro, senior analyst at Needham & Company, joins ‘Money Movers' to discuss why the firm cut estimates for crypto companies and more.

The loss-making company has long-term growth prospects, but it will take time to realize them. Declining cryptocurrency prices can negatively impact transaction and custodial revenues.

Gemini Space Station affiliate Gemini Titan has made its prediction markets platform available to customers in the United States. The U.S. launch of the Gemini Predictions platform comes a week after the company received a Designated Contract Market (DCM) license from the Commodity Futures Trading Commission (CFTC), Gemini Space Station said in a Monday (Dec. 15) blog post.

Gemini Space Station, Inc. receives a tactical buy rating, supported by its expansion into regulated US prediction markets via a CFTC license. GEMI demonstrates strong product diversification, with service revenue now 39% of total and credit card revenue up 75% quarterly. Despite a >50% post-IPO decline, GEMI's doubling of revenue and rising recurring service income signal improving fundamentals.

Gemini Space Station trades well below its IPO price, presenting a value opportunity after a sharp post-IPO decline. The crypto exchange already reported Q3'25 revenues surged 52% QoQ to nearly $50 million, with diversified growth from credit cards, staking, and advisory services. Securing a CFTC license for U.S. prediction markets and expanding derivatives offerings are major catalysts for future growth.

Gemini obtained regulatory authorization to enter the exploding U.S. prediction market. Some Wall Street titans believe trading in event-based contracts could eventually eclipse stock trading.

On today's episode of CNBC Crypto World, major cryptocurrencies fall the day after the Federal Reserve's latest rate cut. Plus, Terraform Labs founder Do Kwon appeared before a judge for his sentencing in New York federal court for fraud and conspiracy.