Crypto’s Post-FTX Crisis Is Laid Bare as Trading Volumes Plummet by 50%
- A trust deficit is driving investors away from digital assets
- Virtual coins have suffered one of their worst years on record
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Trading volumes at digital-asset exchanges have halved amid a loss of confidence in the crypto sector following the collapse of Sam Bankman-Fried’s FTX platform.
Daily average trading volume slid to $13.1 billion in the week through Dec. 11 versus $26.7 billion in the seven days to Oct. 30, according to Bloomberg calculations on data from research firm Kaiko.