Citigroup lowered Gemini's target price, raised its bullish stance.

Gemini's Growth Outlook Weakens

Citigroup has lowered the target price for the Gemini exchange, while raising its outlook for Bullish with a buy rating. According to the analyst team's assessment, Gemini's exchange growth will take longer than expected. Despite strong card registrations and application discounts, the trading volume in October fell short of expectations.

Growth Potential Increases for Bullish

For Bullish, the New York BitLicense approval and the expansion of institutional access are seen as signs of growing momentum. These developments create a positive signal for investors, enhancing Bullish's future potential.