Gemini Stock Plummets After Q1 Earnings Miss in First Post-IPO Report

Gemini shares experienced significant declines following the release of their first quarterly earnings report since going public. The cryptocurrency exchange failed to meet analyst expectations for both revenue and profit metrics, marking a challenging start to their public market journey. Trading volume showed notable decreases during the session as investors reacted to the disappointing financial performance. This earnings miss represents the company's first major test since its initial public offering, with market participants closely monitoring how the newly public firm will address these early challenges in the competitive digital asset exchange landscape.