Crypto platform Gemini’s stock is down 80% from its IPO. That’s reviving takeover speculation
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Gemini Valuation Crashes 80% to $753M, Putting Custody Assets in Play
Gemini’s market value has collapsed. The crypto exchange now sits at roughly $753 million — down 80% from where it… Read the original on Gemini’s 80% Valuation Drop Sparks Acquisition Speculation Over Custody Assets. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
According to ChainCatcher, citing CoinDesk, the share price of crypto platform Gemini has fallen by approximately 80% since its IPO, with its market capitalization dropping from a peak of approximately $4 billion to $753 million. Trading volume, revenue, and platform assets have all continued to decline, reigniting acquisition speculation. In the second quarter, Gemini's exchange revenue fell 38% year-over-year to $12.5 million, spot trading vol…
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Cryptocurrency News | Cryptocurrency Prices | Market CapCrypto platform Gemini’s stock is down 80% from its IPO. That’s reviving takeover speculation
Crypto platform Gemini’s stock is down 80% from its IPO. That’s reviving takeover speculation The crypto platform’s market value has fallen to about $753 million, putting fresh attention on the licenses, custody infrastructure and customer relationships a buyer could inherit. Gemini’s stock has…
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