Gemini trading volume fell 46% between January and April of this
According to Kaiko data, Gemini’s trading volume fell 46% between January and April this year compared to the September-December period last year, one of the steepest declines. The drop was almost six times the drop for Coinbase.
Additionally, roughly $747 million in cryptocurrencies changed hands on Gemini in April, according to CCData. This equates to 0.12% of global spot trading volume last month. That's up from February, when Gemini's share hit a low of 0.07%.
However, April's figure was still almost half that of a year ago, down from almost 5 percent in 2017. Compared with many of Gemini's competitors, including Coinbase and Kraken, both of which gained market share in April from a year earlier, Binance, the world's largest cryptocurrency exchange, saw its share of global trading volume increase from a year ago. 31% climbed to 46%.
Additionally, roughly $747 million in cryptocurrencies changed hands on Gemini in April, according to CCData. This equates to 0.12% of global spot trading volume last month. That's up from February, when Gemini's share hit a low of 0.07%.
However, April's figure was still almost half that of a year ago, down from almost 5 percent in 2017. Compared with many of Gemini's competitors, including Coinbase and Kraken, both of which gained market share in April from a year earlier, Binance, the world's largest cryptocurrency exchange, saw its share of global trading volume increase from a year ago. 31% climbed to 46%.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.