The Winklevoss brothers’ Gemini exchange, a crypto platform aimed at a clientele of professional traders, took almost two years to reach significant volumes, although it is one of those that has maintained the best level after the peaks of late 2017.
As for Coinbase, which recently obtained a new round of financing for $300 million reaching a total of $500 million, despite adding over time new trading pairs, the volumes remain anchored to BTC and ETH, which account for 86% of total trade.
Kraken, which operates in Europe and the US with fiat-crypto trading, but which has recently left the State of New York due to its disputed BitLicense law, has paid heavily and lost some ground against the competition consisting of the most active exchanges in Europe.
With the transfer of Binance to Malta and Bitfinex to Switzerland and the development of other very active operators, in fact, the exchange starts to suffer the blow also because of the introduction of Circle (USDC) on Coinbase.
The trading volumes on the exchange, in fact, were down significantly, but with a slight increase in trade in dollars compared to those in euros.
According to Coinmarketcap, Kraken, Coinbase and Gemini traded $150 million, $125 million and $30 million respectively in daily trading volumes.