Gemini shares hit record low after eighth straight weekly decline
GEMI stock fell for an eighth week in a row to a record low, despite a narrower quarterly loss and lower costs, according to Stocktwits.
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what happened
Shares of Gemini Space Station (GEMI) fell on Friday and closed at $2.375, the lowest close on record. The stock has declined for eight weeks running and is down about 59% from its late-September high, according to Stocktwits.
The crypto exchange reported a third-quarter loss of $0.46 per share, narrower than the $0.59 analysts expected, and cut costs for a third straight quarter. Revenue, however, fell 19% year on year to $40.9 million, below the $43.05 million estimate. Trading volume on its platforms dropped to $4.5 billion from $16.4 billion, which the company linked mainly to weaker crypto trading.
Credit card revenue rose 82% to $15.5 million, while staking revenue fell 29% to $4.2 million.
why it matters
The key issue for investors is that Gemini still depends heavily on trading volumes. Weak crypto activity is hitting revenue, and growth in services has not yet offset that drop, so the smaller loss has not reversed negative sentiment toward the stock.
market impact
GEMI shares: weak revenue and falling trading volumes weigh on the stock price.
- GEMI shares pressure down — revenue below estimates and falling trading volumes
tags
instruments
on polymarket
sources
- GEMI Stock Extends Losing Streak To Eighth Straight Week, Hits Record Low Despite Drop In Quarterly Loss — Stocktwits, 14 November 2026 at 09:23 UTC
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