BlockBeats news, on November 1, according to the latest data released in Coinbase's third-quarter shareholder letter for 2024:
The total trading volume was $18.5 billion, a decrease of 18% from Q2 (down from $22.6 billion to $18.5 billion);
Institutional investor trading volume was $15.1 billion, accounting for 81.6% of total trading volume, continuing to dominate;
Retail investor trading volume was $3.4 billion, accounting for 18.4%.
From the structure of cryptocurrency asset trading:
Bitcoin's trading share rose to 37%, an increase of 2 percentage points month-over-month;
Ethereum remains at 15%;
USDT trading share rebounded from 10% to 15%;
The share of other cryptocurrencies has decreased to 33%.
In addition, Solana's share of trading revenue has reached 11%, indicating its increasing importance as an emerging public chain. Although the overall trading volume has declined month-over-month, the rise in Bitcoin's trading share reflects that Bitcoin remains the main cryptocurrency asset favored by institutional investors following the approval of the ETF.
