Gemini Space Station (Nasdaq: GEMI) shares rose 15% to $6.05 in after-hours trading after reporting a 42% increase in Q1 revenue and securing a $100 million investment from Winklevoss Capital. The crypto exchange's net loss narrowed to $109 million, despite a 73% rise in operating expenses due to stock-based compensation and severance costs. Revenue from services and interest income surged 122% to $24.5 million, now comprising 49% of total revenue. Credit card revenue soared nearly 300% to $14.7 million, while spot trading revenue fell 27% to $17.2 million. Winklevoss Capital's investment, settled in bitcoin, reflects confidence in Gemini's growth potential, following its recent CFTC license for derivatives clearing.