4 crypto experts break down what's next for the industry with trading volumes down 50% since the FTX collapse.

Crypto daily trading volumes plunged 50% following FTX's collapse, per Bloomberg and Kaiko data.

The fallout of Sam Bankman-Fried's once $32 billion empire FTX is weighing on investor sentiment.

Insider spoke with four crypto experts about what's next for the nascent industry.

Cryptocurrency trading volumes plummeted 50% after the sudden downfall of FTX, the once-$32 billion digital asset empire started by Sam Bankman-Fried.

Daily average trading volumes on centralized exchanges declined from $26.7 billion in the week through Oct. 30 down to $13.1 billion in the seven days to Dec. 11, Bloomberg reported on Friday, citing data provider Kaiko. These include platforms like Coinbase, Binance, Kraken, OKX, and Bitfinex, to name a few.

The plunge in trading volumes comes at a pivotal time for the industry, which is enduring a prolonged and brutal bear market. Cryptocurrency's market cap has slashed nearly three-fourths of its value since last year, according to Messari, with bitcoin and ethereum down 75% from record-highs in November of 2021.

User trust in exchanges are in question following FTX's downfall as well.

"FTX collapse brings us back to reality," Shaban Shaame, founder and CEO of blockchain gaming developer EverDreamSoft, told Insider. "Cryptocurrency is a young industry. It's [the Wild] West where everything is possible but also full of ill-intentioned people and lack of rules."

FTX lost $8 billion of customer deposits after a Coindesk report revealed that the exchange's native token FTT was used to prop up Bankman-Fried's quant trading firm Alameda Research. The trading titan's balance sheet, which once had $14.6 billion in assets, was largely comprised of a coin that its sister company made up — not an independent asset like fiat currency.

Daily average trading volumes on centralized exchanges declined from $26.7 billion in the week through Oct. 30 down to $13.1 billion in the seven days to Dec. 11, Bloomberg reported on Friday, citing data provider Kaiko. These include platforms like Coinbase, Binance, Kraken, OKX, and Bitfinex, to name a few.

The plunge in trading volumes comes at a pivotal time for the industry, which is enduring a prolonged and brutal bear market. Cryptocurrency's market cap has slashed nearly three-fourths of its value since last year, according to Messari, with bitcoin and ethereum down 75% from record-highs in November of 2021.

User trust in exchanges are in question following FTX's downfall as well.

"FTX collapse brings us back to reality," Shaban Shaame, founder and CEO of blockchain gaming developer EverDreamSoft, told Insider. "Cryptocurrency is a young industry. It's [the Wild] West where everything is possible but also full of ill-intentioned people and lack of rules."

FTX lost $8 billion of customer deposits after a Coindesk report revealed that the exchange's native token FTT was used to prop up Bankman-Fried's quant trading firm Alameda Research. The trading titan's balance sheet, which once had $14.6 billion in assets, was largely comprised of a coin that its sister company made up — not an independent asset like fiat currency....

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4 crypto experts break down what's next for the industry with trading volumes down 50% since the FTX

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4 crypto experts break down what's next for the industry with trading volumes down 50% since the FTX collapse.

Crypto daily trading volumes plunged 50% following FTX's collapse, per Bloomberg and Kaiko data.

The fallout of Sam Bankman-Fried's once $32 billion empire FTX is weighing on investor sentiment.

Insider spoke with four crypto experts about what's next for the nascent industry.

Cryptocurrency trading volumes plummeted 50% after the sudden downfall of FTX, the once-$32 billion digital asset empire started by Sam Bankman-Fried.

Daily average trading volumes on centralized exchanges declined from $26.7 billion in the week through Oct. 30 down to $13.1 billion in the seven days to Dec. 11, Bloomberg reported on Friday, citing data provider Kaiko. These include platforms like Coinbase, Binance, Kraken, OKX, and Bitfinex, to name a few.

The plunge in trading volumes comes at a pivotal time for the industry, which is enduring a prolonged and brutal bear market. Cryptocurrency's market cap has slashed nearly three-fourths of its value since last year, according to Messari, with bitcoin and ethereum down 75% from record-highs in November of 2021.

User trust in exchanges are in question following FTX's downfall as well.

"FTX collapse brings us back to reality," Shaban Shaame, founder and CEO of blockchain gaming developer EverDreamSoft, told Insider. "Cryptocurrency is a young industry. It's [the Wild] West where everything is possible but also full of ill-intentioned people and lack of rules."

FTX lost $8 billion of customer deposits after a Coindesk report revealed that the exchange's native token FTT was used to prop up Bankman-Fried's quant trading firm Alameda Research. The trading titan's balance sheet, which once had $14.6 billion in assets, was largely comprised of a coin that its sister company made up — not an independent asset like fiat currency.

Daily average trading volumes on centralized exchanges declined from $26.7 billion in the week through Oct. 30 down to $13.1 billion in the seven days to Dec. 11, Bloomberg reported on Friday, citing data provider Kaiko. These include platforms like Coinbase, Binance, Kraken, OKX, and Bitfinex, to name a few.

The plunge in trading volumes comes at a pivotal time for the industry, which is enduring a prolonged and brutal bear market. Cryptocurrency's market cap has slashed nearly three-fourths of its value since last year, according to Messari, with bitcoin and ethereum down 75% from record-highs in November of 2021.

User trust in exchanges are in question following FTX's downfall as well.

"FTX collapse brings us back to reality," Shaban Shaame, founder and CEO of blockchain gaming developer EverDreamSoft, told Insider. "Cryptocurrency is a young industry. It's [the Wild] West where everything is possible but also full of ill-intentioned people and lack of rules."

FTX lost $8 billion of customer deposits after a Coindesk report revealed that the exchange's native token FTT was used to prop up Bankman-Fried's quant trading firm Alameda Research. The trading titan's balance sheet, which once had $14.6 billion in assets, was largely comprised of a coin that its sister company made up — not an independent asset like fiat currency....

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