Gemini partnered with Musk's xAI to launch a Command Center powered by Grok, while the exchange recorded a net loss of $109 million in the first quarter of 2026.
The Gemini cryptocurrency exchange has just launched Command Center, a personalized, real-time market dashboard powered by Grok, Elon Musk's xAI big-code language.
The new service, integrated into Gemini 's prediction market, provides insights, signals, summaries, and forecasts based on individual user preferences. This is the latest expansion of Gemini's AI capabilities, following the Agentic Trading feature which allows users to connect trading accounts with models such as Claude and ChatGPT.
Ambitious expansion amidst financial pressure.
This move is part of Gemini 's clear strategy to expand beyond spot cryptocurrency trading, moving toward Derivative, forecasting, and a wider range of financial services.
The company has secured two key licenses from the CFTC to become a Designated Contract Market (DCM) and a Derivative Clearing Institution (DCO), moving closer to its goal of building a comprehensive market for Futures Contract, options, and perpetual contracts.
On Thursday, the CFTC also apologized for an enforcement measure applied to Gemini since 2022 and joined the petition to overturn the consensus order issued in January 2025.
However, the expansion ambitions are taking place against an unfavorable financial backdrop. Gemini recorded a net loss of $109 million in the first quarter of 2026, with total volume plummeting to $6.3 billion from $13.5 billion in the same period of the previous year. The company also withdrew from underperforming markets in the UK, EU, and Australia, and Chia ways with several C-level executives earlier this year.
A rare bright spot was revenue from services and interest, including credit cards, Staking, and custody, which surged more than 120% year-over-year to $24.5 million, accounting for nearly half of total revenue. GEMI shares closed the session up 6.8% at $5.18 following the announcements.
