Gemini’s quarterly retail trading volume sinks to 3-year low
Summary
Gemini’s Q3 spot trading volume rose 18% quarter-on-quarter to $4.5 billion, driven by a 26% increase in institutional activity, while retail volume fell 14% to $600 million—the lowest since Q3 2023. Exchange revenue increased 7% to $13.4 million as institutional revenue more than doubled, though retail customers still generated nearly three-quarters of exchange revenue. Gemini Predictions revenue rose 52% to $796,000, and October’s average daily prediction traders were about 50% above the Q3 average. Gemini is also pursuing distribution of its event contracts through Apex, subject to a definitive agreement.
