marketNovember 13, 2026
Gemini Retail Trading Volume Falls to Lowest Since 2023
In the third quarter, retail trading volume on the Gemini crypto exchange came to $600 million, down 14% from the previous quarter. That is the lowest level since the third quarter of 2023.
Institutional activity, by contrast, rose 26% to $3.9 billion. As a result, total trading volume grew 18% to $4.5 billion.
Company revenue declined 19% year over year to $40.9 million. The net loss narrowed 63% to $58.6 million.
For people who hold or exchange crypto, this means retail activity on Gemini weakened while institutional clients traded more actively.