Gemini

Robinhood

Bitcoin

Investors sold off shares of the crypto exchange Gemini on Monday, sending the stock to an all-time low after the bell, as the company’s first quarterly results showed losses due to the expense of going public.
Gemini released its third-quarter <a href="https://investors.gemini.com/node/7166/html" rel="noopener noreferrer nofollow" target="_blank">results</a> on Monday, its first after <a href="https://cointelegraph.com/news/gemini-ipo-nasdaq-crypto-stocks-surge-2025" rel="noopener noreferrer nofollow">going public in September</a>, and reported revenues of $50.6 million, more than doubling from $24.5 million the same time a year ago.
The company, however, posted a net loss of $159.5 million, widening from $90.1 million a year ago, largely due to costs related to compensation and advertising ahead of its <a href="https://cointelegraph.com/learn/articles/what-is-an-ipo-a-beginners-guide-on-how-crypto-firms-can-go-public" rel="noopener noreferrer nofollow">initial public offering</a>.
Shares in Gemini (GEMI) ended trading on Monday up 4% to $16.84, but plummeted to a low of $14.75 after the bell. The stock slightly recovered to finish the after-hours trading session down 6.2% to an all-time low of $15.80.
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 <img src="https://s3.cointelegraph.com/uploads/2025-11/019a711d-9a1c-723b-8759-52952ac86dc6" title="" alt="Gemini bets on ‘super app’ as stock sinks to record low on Q3 results">
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 Shares in Gemini sharply dropped on the announcement of its Q3 results after-hours, but later recovered. Source: <a href="https://www.google.com/finance/quote/GEMI:NASDAQ" rel="noopener noreferrer nofollow" target="_blank">Google Finance</a>
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Gemini’s share price has dropped around 40% since going public at $28 a share on Sept. 12, as the crypto market failed to sustain a rally that hit its peak in early October.
<h2 id="gemini-betting-on-super-app-ambition">Gemini betting on “super app” ambition</h2>
The share price fall comes as Gemini president and co-founder Cameron Winklevoss signalled to investors on an earnings call that the exchange is betting on building a crypto “super app” to <a href="https://cointelegraph.com/news/coinbase-super-app-brian-armstrong-banking-vision" rel="noopener noreferrer nofollow">bring together multiple products</a>.
“We’re really excited about building toward the super app,” he said. “It’s an onchain future. We’re an onchain company, and this is our wheelhouse.”
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 <img src="https://s3.cointelegraph.com/uploads/2025-11/019a711d-9e7b-7df7-b7c4-e6daf59d62a8" title="" alt="Gemini bets on ‘super app’ as stock sinks to record low on Q3 results">
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 Cameron Winklevoss speaks onstage during a TechCrunch conference in 2015. Source: <a href="https://www.flickr.com/photos/techcrunch/17392701831/" rel="noopener noreferrer nofollow" target="_blank">TechCrunch</a>
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“Our view is that markets are all going onchain. Pretty soon, you will be able to hold a tokenized dollar via stablecoin, tokenized equity, and digital commodities, all within one app,”&nbsp; Winklevoss said. “We’re making very good progress there.”
Related: <a href="https://cointelegraph.com/news/etoro-stock-q3-results-150m-buyback-plan" rel="noopener noreferrer nofollow">EToro stock jumps on Q3 results, $150M buyback plan</a>&nbsp;
Winklevoss added that the company’s ambition is to create its own products, rather than partnering with or <a href="https://cointelegraph.com/news/the-secret-behind-coinbase-s-billion-dollar-m-a-strategy" rel="noopener noreferrer nofollow">buying other companies</a>.
<h2 id="prediction-markets-are-like-bitcoin-in-2012-winklevoss">Prediction markets are like Bitcoin in 2012: Winklevoss</h2>
Winklevoss added that he was “very excited” about the exchange adding <a href="https://cointelegraph.com/learn/articles/decentralized-prediction-markets-how-do-they-work" rel="noopener noreferrer nofollow">prediction markets</a>, which typically allow users to bet on the outcome for a range of events from sports to politics.
“This idea that you can essentially build a market on anything, any kind of event, is fascinating and really a boundless opportunity,” he added. “We are working to bring those live globally.”
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 “We think it’s very early days. It reminds us a lot of what Bitcoin felt like in 2012 when we first discovered it.”
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Gemini said it filed to become a designated contract market with the Commodity Futures Trading Commission to offer prediction markets, confirming a report on Wednesday that it <a href="https://cointelegraph.com/news/gemini-plans-prediction-markets-offering-bloomberg" rel="noopener noreferrer nofollow">was eyeing entry</a> into the sector.
“Once the government opens back up, we hope to continue pursuing that application and hopefully bring these products to market soon thereafter,” Winklevoss said.
Magazine: <a href="https://cointelegraph.com/magazine/?p=46542&amp;preview=true&amp;_thumbnail_id=46743" rel="noopener noreferrer nofollow">Can Robinhood or Kraken’s tokenized stocks ever be truly decentralized?</a>&nbsp;

Gemini bets on ‘super app’ as stock sinks to record low on Q3 results

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