Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, reported widening losses amid declining trading volumes and increased regulatory expenses. The company’s revenue has been hit by a prolonged market downturn and tighter oversight in major markets like the U.S. and U.K. Despite layoffs and cost-cutting measures, Gemini continues to face pressure from competitors offering higher yields and diversified services. The Winklevoss twins are reportedly exploring new strategies, including international expansion and institutional partnerships, to stabilize operations and regain market share in 2025’s increasingly competitive crypto landscape.