Gemini Faces $159.5 Million Q3 Net Loss Driven by IPO-Related Expenses
In the fast-paced cryptocurrency sector, where market fluctuations can turn profits into losses overnight, major exchanges are navigating additional pressures from regulatory scrutiny and expansion efforts. Gemini, a prominent U.S.-based crypto platform, recently disclosed financial results that highlight these challenges, underscoring the costs of scaling operations amid preparations for a potential public debut. Financial Breakdown…