Gemini volume plunges 73% as Q3 revenue slides to $41 million
Gemini's trading volume fell 73% while Q3 revenue dropped to $41 million, a sharp contraction for the exchange. Shares rose more than 6% after hours but remain down roughly 75% year to date. Traders should read the volume collapse as a sign of thinning liquidity and weaker fee revenue across centralized exchanges.