Coinbase, Bullish, and Gemini experienced a decline in trading revenue in the second quarter

In the second quarter, the trading revenue of Coinbase, Bullish, and Gemini decreased month on month, and the gap between trading revenue and non trading revenue of the three platforms narrowed. Coinbase is expanding into stablecoins and forecasting markets, with the average USDC holdings increasing by 44% year-on-year to $20 billion in the third quarter. Gemini predicts that the number of market makers will triple at the beginning of the year, with trading volume decreasing by 66% year-on-year to $3.8 billion and trading revenue decreasing by 38%. Bullish has launched a new reward program, with adjusted trading revenue in the second quarter decreasing by 21% month on month to $29.9 million, a year-on-year increase of 24%. According to Bitcoin.com News.