Gemini stock hits record low, down 89% from IPO price
- —Closing price of $3.215 marks a record low since the $28 IPO
- —H1 2026 revenue reached $95.7 million, up from $68.6 million a year earlier
- —Comprehensive loss for the six months was $216.8 million, down from $277.3 million
- —The Winklevoss brothers made large donations to Trump-aligned committees
Why it matters: A record slump in a listed crypto exchange's stock underscores the pressure on CEX business models amid a weak market and stiff competition.
Source: Protos