加密交易所交易收入占比下降，Coinbase等加码稳定币与预测市场

Odaily News: In the second quarter, trading revenue at three listed crypto exchanges—Coinbase, Bullish, and Gemini—declined quarter-over-quarter. The gap between trading and non-trading revenue narrowed across all three platforms, with Coinbase's difference dropping from approximately $132 million to $44 million within a year.

Coinbase has expanded its product lineup in areas such as stablecoins and prediction markets, with average USDC holdings rising 44% year-over-year to $20 billion in the third quarter. Gemini has tripled the number of market makers in its prediction market since the start of the year, offering rebates to market makers and rewards to users.

Bullish has launched a new rewards program to support its trading business, with adjusted trading revenue down 21% quarter-over-quarter to $29.9 million in the second quarter, though up 24% year-over-year. Gemini's trading volume fell 66% year-over-year to $3.8 billion, while trading revenue declined by 38%. (Bitcoin.com News)