Winklevoss’s Gemini Crypto Exchange Falls as Losses Widen

Gemini Space Station Inc., the crypto exchange founded by Tyler and Cameron Winklevoss, reported a steeper loss than analysts anticipated in its first earnings release since going public.

The company’s loss widened to $159.5 million, or $6.67 a share, compared with the $3.24 a share loss expected by analysts surveyed by Bloomberg. Gemini, which debuted on public markets in September, has seen its stock price fall almost in half from the peak, amid a broader decline in cryptocurrency prices.