Crypto Exchange Gemini Shrank in Q3. So Why Did Its Stock Rise?

Gemini Space Station (GEMI), parent of the Gemini crypto exchange, reported third-quarter revenue of $40.9 million on November 12. That was 19% lower than a year earlier, as spot trading volume fell 73%. Gemini stock still climbed 3.05% to $2.70 in after-hours trading on Thursday. The same report showed a smaller loss than analysts had
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