According to ChainCatcher, cryptocurrency exchange Gemini reported third quarter results with revenue of $40.9 million, down 19% year-over-year, and net loss narrowing to $58.6 million from $160 million in the prior year. Trading volume declined sharply to $4.5 billion from $16.4 billion, a 73% year-over-year drop. Exchange business revenue fell 47% to $13.4 million due to the trading volume decline, while predictions market business emerged as a bright spot with $0.8 million in quarterly revenue, up 52% sequentially. Platform assets under management grew to $13.4 billion from $8.4 billion in the prior quarter.

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