1Gemini reported its lowest quarterly retail trading volume in three years during the third quarter.
2Total spot trading volume rose 18% to $4.5 billion, driven by institutional and market-making activity.
3Institutional trading volume climbed 26% to $3.9 billion, while retail volume fell 14% to $600 million.
4Revenue from prediction markets grew across several platforms, helping offset softer traditional crypto trading.
5Gemini experienced a 52% quarter-on-quarter increase in prediction market revenue.
Key takeaway
While everyday retail trading on Gemini has hit a three-year low, growth in institutional trading and prediction markets is helping exchanges diversify their revenue sources.
Short-term impact (days–weeks)
● NEUTRAL
Retail trading activity could remain subdued in the coming weeks across major platforms.
Medium-term impact (1–3 months)
● NEUTRAL
Exchanges may increasingly rely on prediction markets to offset slower spot trading over the next few months.
Key risks
Continued decline in retail investor participation could pressure exchange revenues.
Broader macroeconomic uncertainty may affect overall trading volumes.
Regulatory scrutiny surrounding prediction markets and event contracts could increase.
This page summarizes and analyzes publicly reported news. Read the full story at the original source. AI-generated analysis — not financial advice.