Where did retail traders go? At least on Coinbase, some went to prediction markets.
In its Q3 report, the number of monthly transacting users fell to 7.4 million from 9.3 million a year earlier.
Prediction markets saw the strongest growth, with annualized revenue topping $200 million and the number of traders up 60% quarter over quarter. The CFO said derivatives and prediction markets together already account for a quarter of trading revenue.
Retail traders havenโt leftโthey just canโt be bothered to watch candlestick charts and have switched to betting on the real world.
#crypto #meme #BSC
In its Q3 report, the number of monthly transacting users fell to 7.4 million from 9.3 million a year earlier.
Prediction markets saw the strongest growth, with annualized revenue topping $200 million and the number of traders up 60% quarter over quarter. The CFO said derivatives and prediction markets together already account for a quarter of trading revenue.
Retail traders havenโt leftโthey just canโt be bothered to watch candlestick charts and have switched to betting on the real world.
#crypto #meme #BSC
