Gemini posts $107.7M quarterly loss as exchange revenue falls 38% @Gemini's total revenue rose 37% year over year to $45.5 million, driven by a 149% jump in services. Exchange revenue dropped to $12.5 million from $20.2 million. The net loss narrowed 19% from a year earlier, with operating loss improving for a third straight quarter. Adjusted EBITDA fell to negative $74 million on losses from bitcoin taken in a May private placement.