Coinbase disclosed third-quarter trading data, with Bitcoin trading share rising to 37%
According to ChainCatcher's message, data from Coinbase's latest shareholder letter for the third quarter of 2024 shows: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 perspective of cryptocurrency trading structure:Bitcoin's trading share rose to 37%, an increase of 2 percentage points;Ethereum remained at 15%;USDT trading share rebounded from 10% to 15%;Other cryptocurrencies accounted for 33%.Additionally, Solana's share of trading revenue has reached 11%, indicating its growing importance as an emerging public chain. Although overall trading volume has decreased quarter-over-quarter, the increase in Bitcoin's trading share reflects that, following the approval of ETFs, Bitcoin remains the primary cryptocurrency favored by institutional investors.