随着机构兴趣的增长，比特币在交易量中占据主导地位

Coinbase 发布了 2024 年第三季度报告。该季度总交易量为 185 亿美元。与第二季度相比下降了 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（纳斯达克股票代码：COIN）发布了 2024 年第三季度报告。该季度总交易量为 185 亿美元。与第二季度相比下降了 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，机构交易对这一交易量做出了很大贡献。为151亿美元，占总额的81.6%。另一方面，零售交易录得 34 亿美元，占总交易量的 18.4%。

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

Coinbase 2024 年第三季度报告显示总交易量为 $18.5B，较第二季度下降 18%。

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

机构交易以 $15.1B (81.6%) 为主，而零售交易则达到 $3.4B (18.4%)。

? $BTC trading share rose to 37%

? $BTC 交易份额升至 37%

? $ETH 15%

? 以太币 15%

? $USDT rebounded to 15%

? $USDT 反弹至 15%

? $SOL reached 11%

? $SOL 达到 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).

涉及比特币（$BTC）的比特币交易份额有所上升。占总交易量的比例增至37% 占总交易量的比例高达37%。排名第二的是以太坊（$ETH），份额为 15%。 Tether ($USDT) 也回升至 15%。得益于 Solana ($SOL)，交易量增长了 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.

该报告的结论是，交易量减少是加密货币交易所环境困难的一个迹象。然而，机构交易者的兴趣增加从对机构交易的依赖增加中可见一斑。随着机构中加密货币采用的增加，这种趋势可能会持续下去。

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.

尽管交易量较低，Coinbase 仍然在加密货币市场中占据重要地位。公司正在改善IT环境。它对机构投资者的集中可能有助于使其免受散户投资者波动的影响。

Coinbase Report Shows Shift Toward Institutional Trading

Coinbase 报告显示向机构交易的转变

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.

该报告呈现了贸易环境的转变。机构交易者正在成为市场的新常态。这可能会导致交易量的稳定，这将在贸易业务中经常出现。但这也意味着零售交易者影响市场的能力有限。因此，随着 Coinbase 的发展，它很可能会完善针对机构客户的服务。

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.

总而言之，可以注意到第三季度的业绩有所下降，但这些结果可能是有意义的。机构交易是 Coinbase 的强项，这一事实是一件好事。公司处于有利地位，能够有效竞争和应对市场变化。

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.

最后，投资者和分析师将密切关注。稍后的报告将讨论 Coinbase 如何应对所有这些挑战。公司的战略将成为接下来几个季度成功的关键。