According to Bloomberg, crypto exchange Gemini reported a net loss of $107.7 million in Q2, marking its fourth consecutive quarter of losses. Revenue grew 37% year-over-year to $45.5 million. The platform's asset size dropped 54% to $8.4 billion, which the company attributed to declining crypto asset prices and outflows from institutional custody services. Gemini is expanding its revenue streams through prediction markets and stock trading, with Q2 prediction market revenue reaching $500,000. Operating losses for the quarter narrowed by 18% quarter-over-quarter, and total operating expenses dropped to $122.4 million. https://(wublock123.com)/news/news-66491