隨著機構興趣的增長，比特幣在交易量中佔據主導地位

Coinbase 發布了 2024 年第三季報告。該季度總交易量為 185 億美元。與第二季相比下降了 18%。

Coinbase (NASDAQ:COIN) has published its Q3 2024 report. The total trading volume for the quarter was $18.5 billion. This represents an 18% decrease compared to Q2.

Coinbase（納斯達克股票代碼：COIN）發布了 2024 年第三季報告。該季度總交易量為 185 億美元。與第二季相比下降了 18%。

It is worth noting that institutional trading contributed to this volume in a big way. It stood at $15.1 billion, equivalent to 81.6% of the total. Retail trading on the other hand recorded $3.4 billion and contributed 18.4% of the total volume.

值得注意的是，機構交易對這筆交易量做出了很大貢獻。為151億美元，佔總數的81.6%。另一方面，零售交易錄得 34 億美元，佔總交易量的 18.4%。

Coinbase’s Q3 2024 report reveals a total trading volume of $18.5B, down 18% from Q2.

Coinbase 2024 年第三季報告顯示總交易量為 $18.5B，較第二季下降 18%。

Institutional trading dominated with $15.1B (81.6%), while retail trading hit $3.4B (18.4%).

機構交易以 $15.1B (81.6%) 為主，而零售交易則達 $3.4B (18.4%)。

? $BTC trading share rose to 37%

? $BTC 交易份額升至 37%

? $ETH 15%

? 以太幣 15%

? $USDT rebounded to 15%

? $USDT 反彈至 15%

? $SOL reached 11%

? $SOL 達到 11%

Bitcoin trading involving Bitcoin ($BTC) was up in terms of share. It increased to 37% of the total trading volume It went to as high as 37% of the total trading volume. Second on the list was Ethereum ($ETH) with a share of 15%. Tether ($USDT) also rose back to 15%. Trade volume hit 11% thanks to Solana ($SOL).

涉及比特幣（$BTC）的比特幣交易份額上升。佔總交易量的比例增至37% 佔總交易量的比例高達37%。排名第二的是以太坊（$ETH），份額為 15%。 Tether ($USDT) 也回升至 15%。由於 Solana ($SOL)，交易量增加了 11%。

The report concludes that the reduced trading volume is a sign of a difficult climate for crypto exchanges. However, the increased interest from institutional traders is evident from the increased reliance on institutional trading. This trend may persist with the increase in the adoption of cryptocurrency in institutions.

該報告的結論是，交易量減少是加密貨幣交易所環境困難的跡象。然而，機構交易者的興趣增加從對機構交易的依賴增加中可見一斑。隨著機構中加密貨幣採用的增加，這種趨勢可能會持續下去。

Despite the lower trading volume, Coinbase still holds a significant position in the crypto market. The company is improving it environment. Its concentration on the institutional investors might help to insulate it from the volatility of the retail investor.

儘管交易量較低，Coinbase 仍在加密貨幣市場中佔據重要地位。公司正在改善IT環境。它對機構投資者的集中可能有助於使其免受散戶投資者波動的影響。

Coinbase Report Shows Shift Toward Institutional Trading

Coinbase 報表顯示向機構交易的轉變

The report presents a shift in the trading environment. Institutional traders are becoming the new norm in the market. This may result in stability of trading volumes, which will be recurrent in the trading business. But it also implies that the retail trader has limited power to influence markets. Therefore, as Coinbase advances, it will most likely refine it services for institutional clients.

該報告呈現了貿易環境的轉變。機構交易者正成為市場的新常態。這可能會導致交易量的穩定，這將在貿易業務中反覆出現。但這也意味著零售交易者影響市場的能力有限。因此，隨著 Coinbase 的發展，它很可能會完善針對機構客戶的服務。

Altogether, it is possible to note that the performance has declined in Q3, yet, these results can be meaningful. The fact that institutional trading is a strong suit for Coinbase is a good thing. The company is well placed to be able to effectively compete for and respond to changes in the market.

總而言之，可以注意到第三季的業績有所下降，但這些結果可能是有意義的。機構交易是 Coinbase 的強項，這一事實是一件好事。公司處於有利地位，能夠有效競爭並應對市場變化。

Finally, investors and analysts will be observing it closely. Later reports will discuss how Coinbase deals with all these challenges. The company’s strategy will become the key to success in the following quarters.

最後，投資者和分析師將密切關注。稍後的報告將討論 Coinbase 如何應對所有這些挑戰。公司的策略將成為接下來幾季成功的關鍵。