Gemini Retail Spot Volume Falls to Lowest Since Q3 2023

Gemini’s retail spot volume fell 14% in the third quarter to $600 million, its lowest quarterly mark since Q3 2023, while institutional trading lifted the exchange’s overall spot activity. Total spot volume reached $4.5 billion, an 18% increase from the second quarter. Institutional volume climbed 26% to $3.9 billion, more than offsetting the retail decline. The quarter’s expansion came from institutional trading as retail activity weakened. Gemini said greater institutional activity in Zcash (ZEC) and expanded affiliated market-making supported the rise in total spot volume. The company gave no specific explanation for the retail decrease. Exchange revenue rose 7% from the previous quarter to $13.4 million as institutional revenue more than doubled. Retail traders still contributed nearly three-quarters of exchange revenue. Crypto activity also weakened at other platforms.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.