Bitcoin price: Gemini’s quarterly retail trading volume falls to 3-year low
Crypto exchange Gemini has just reported its lowest quarterly retail trading volume in three years, in spite of an increase in overall crypto trading volume. According to Gemini's Q3 earnings report, Total spot trading volume climbed 18% from the second quarter to $4.5 billion.
In this article
In today's Bitcoin price news, Crypto exchange Gemini has just reported its lowest quarterly retail trading volume in three years, in spite of an increase in overall crypto trading volume. According to Gemini's Q3 earnings report, Total spot trading volume climbed 18% from the second quarter to $4.5 billion.
Key points
- Coinbase reported softer retail and institutional activity, with consumer spot trading volume sliding 9% from the earlier quarter to $23.4 billion.
- Gemini's exchange revenue grew 7% from the earlier quarter to $13.4 million as institutional revenue more than doubled even with the retail downturn.
- Institutional volume rose 26% to $3.9 billion, whereas retail volume declined 14% to $600 million, its lowest point since the third quarter of 2023.
- Close to a third of new prediction dealers were new to Gemini.
- Gemini reported more robust prediction-market activity heading into the fourth quarter.
Bitcoin price: the details
Institutional volume rose 26% to $3.9 billion, whereas retail volume declined 14% to $600 million, its lowest point since the third quarter of 2023. Gemini's exchange revenue grew 7% from the earlier quarter to $13.4 million as institutional revenue more than doubled even with the retail downturn. Retail dealers continued to be its biggest source of exchange revenue, contributing close to three-quarters of the total.
Several crypto exchanges also reported softer crypto trading activity in the most latest quarter. Coinbase reported softer retail and institutional activity, with consumer spot trading volume sliding 9% from the earlier quarter to $23.4 billion.
Gemini reported more robust prediction-market activity heading into the fourth quarter, with average daily dealers in October running roughly 50% above the third-quarter average. Close to a third of new prediction dealers were new to Gemini, more than double the proportion in Q3.
Why traders are watching Bitcoin price
Crypto markets trade around the clock and react quickly to regulation, ETF flows, liquidity conditions and broader risk sentiment. Moves in Bitcoin often set the tone for the rest of the digital-asset market.
Changes in interest-rate expectations and institutional flows have become major drivers of crypto prices, linking them more closely to traditional markets.
Market reaction and data
Crypto prices at the time of writing, from Binance spot data (2026-11-13 01:00 UTC):
| Asset | Last price (USDT) | 24h change | 24h high | 24h low |
|---|---|---|---|---|
| Bitcoin (BTC) | 71,128.01 | -3.92% | 74,092.25 | 70,688.00 |
| Ethereum (ETH) | 2,011.01 | -2.39% | 2,065.39 | 1,983.82 |
| Solana (SOL) | 81.57 | -2.44% | 83.92 | 80.46 |
What to watch next for Bitcoin price
Watch for ETF flow data, regulatory news, large on-chain movements and shifts in overall risk appetite in stock markets.
Follow every update in our Top 10 Crypto News Today, read Solana price: DTCC Plans Solana Expansion as Wallet Rules Limit Access or see all of today's top market news.
FAQ
What is the latest Bitcoin price news?
Crypto exchange Gemini has just reported its lowest quarterly retail trading volume in three years, in spite of an increase in overall crypto trading volume.
What moves the price of Bitcoin?
Bitcoin reacts to institutional and ETF demand, regulation, liquidity and interest-rate expectations, as well as general risk sentiment in financial markets.
Where does this information come from?
This report is based on coverage from Cointelegraph, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
