Cryptocurrencies
Crypto ‘Winter’ Slows Volume on Some of the Biggest Exchanges
- Coinbase, FTX.US say trading volume fell during current slide
- Oppenheimer says quarter may be another “mini crypto winter”
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Some of the most popular cryptocurrency exchanges are starting to note what could be a troubling sign -- individual investors are heeding to the industry mantra of “hodl” and shying away from trading as the crash in digital-asset prices deepens.
FTX.US, the American affiliate of eponymous trading juggernaut, has seen lower trading volumes “across the board” in the last week, FTX.US President Brett Harrison said in an interview. “To me it looks like we’re in the period of just decreased volume and subdued trading activity following drops in general.”