Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, reported Q1 2026 revenue of $50.3 million, a 42% year-over-year increase. The company also secured a $100 million strategic investment from Winklevoss Capital Fund at $14 per share, paid entirely in Bitcoin. GEMI shares rose over 16% in pre-market trading to $6.11, though they remain down 51% over the past six months. Revenue growth was driven by a 122% surge in services revenue and interest income to $24.5 million, now 49% of total revenue. Credit card revenue nearly quadrupled to $14.7 million. Traditional exchange revenue fell 27% to $17.2 million amid a decline in trading volume from $13.5 billion to $6.3 billion. Gemini's new prediction markets generated $0.4 million in its first full quarter, with over 100 million contracts traded. Regulatory milestones include a Derivatives Clearing Organization license from the CFTC in April, complementing its Designated Contract Market license from December. CEO Tyler Winklevoss stated the investment will fuel Gemini's transformation from a crypto company to a markets company.

Key facts

• Q1 2026 revenue $50.3M, up 42% year-over-year.
• $100M Bitcoin investment from Winklevoss Capital at $14/share.
• Services and interest income surged 122%, now 49% of total revenue.
• Prediction markets generated $0.4M in first full quarter.
• CFTC granted Derivatives Clearing Organization license in April.

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