Crypto.com Has Seen A 91% Drop In Trading Volume Over The Last Year
Cryptocurrency exchange Crypto.com’s trading volume has dropped 91% over the past year, its 7-day average trading volume has dropped from $4 billion to $380 million.
According to the Decypt report, from the data on coingecko it can be seen that the normal exchange volume of Crypto.com has dropped by 91%, from $4 billion to $380 million per day, using a 7-day average.
As previously updated, Crypto.com has also gone through multiple layoffs and had to cancel its $495 million sponsorship deal with the European Championships (EUFA). At the same time, the company was also in trouble and filed a lawsuit against a woman for keeping $10 million that was accidentally deposited into her crypto wallet.
In the wake of a sharp market downturn earlier this year, Singaporean crypto exchange Crypto.com has begun to cut staff, having about 2,000 employees, equivalent to 30%-40% of the workforce, including since last summer. It was previously reported that Crypto.com had laid off 1,000 employees, including marketing staff and an in-house creative team hired just a few months earlier.
Currently the price of the exchange’s token CRO is up 3.9% in 24 hours and is trading at $0.1142. However, this price is also down 88.29% from the peak price of $0.9698.
Similar volume declines occurred on other exchanges as well, with Huobi losing 90% of its normal volume, FTX 77%, Coinbase 75%, and Binance down 57% year over year.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Foxy
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Crypto.com Has Seen A 91% Drop In Trading Volume Over The Last Year
Cryptocurrency exchange Crypto.com’s trading volume has dropped 91% over the past year, its 7-day average trading volume has dropped from $4 billion to $380 million.
According to the Decypt report, from the data on coingecko it can be seen that the normal exchange volume of Crypto.com has dropped by 91%, from $4 billion to $380 million per day, using a 7-day average.
As previously updated, Crypto.com has also gone through multiple layoffs and had to cancel its $495 million sponsorship deal with the European Championships (EUFA). At the same time, the company was also in trouble and filed a lawsuit against a woman for keeping $10 million that was accidentally deposited into her crypto wallet.
In the wake of a sharp market downturn earlier this year, Singaporean crypto exchange Crypto.com has begun to cut staff, having about 2,000 employees, equivalent to 30%-40% of the workforce, including since last summer. It was previously reported that Crypto.com had laid off 1,000 employees, including marketing staff and an in-house creative team hired just a few months earlier.
Currently the price of the exchange’s token CRO is up 3.9% in 24 hours and is trading at $0.1142. However, this price is also down 88.29% from the peak price of $0.9698.
Similar volume declines occurred on other exchanges as well, with Huobi losing 90% of its normal volume, FTX 77%, Coinbase 75%, and Binance down 57% year over year.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Foxy
CoinCu News
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