Crypto.com trading volume plumets!
hive-167922·@vlemon·
0.000 HBDCrypto.com trading volume plumets!
Hi HODLers, It seems like a while back, but just a year ago, we witnessed one of the most famous Crypto Ad: "Be Brave, be Bold..." featuring the Matt Damon.  [Image Source](https://s.yimg.com/ny/api/res/1.2/IFllLLUCJsfOWMVIpi0wCg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTM1OQ--/https://media.zenfs.com/en/decrypt_media_980/530e54094f2de3f0ddeffbff21c6b845) Volumes have dropped 91%! The 7-day volume was close to $4bn back then and is just $380mn during the past week. Shortly after this came out, in November, Crypto.com spent $700 million for naming rights of the Los Angeles. This was the high for the previous Bull Market and I understand we currently are in a bear market but this drop is significant and higher than other CEX or DEX. #### Crypto.com is now playing defense Over the last couple of months, Crypto.com has mostly been featured in the negative news * Multiple rounds of layoffs, * Cancelled a $495 million sponsorship deal with the European Champions League (EUFA) * Filed a lawsuit against a woman for keeping $10 million it accidentally sent to her crypto wallet. Other exchanges have been feeling the pain, volumes are down: * 90% at Huobi * 77% at FTX 77%, * 75% at Coinbase, * Even Binance which rolled out zero-fee trading for Bitcoin and Ethereum over the summer lost 57% of its volume Hopefully volumes will come back as the next Bullrun happens! Stay safe out there, [Source](https://decrypt.co/113105/crypto-com-trading-volume-down-bad-matt-damon) #### Latest articles * [Elon, the "Chief Twit" finally took control of Twitter!](https://leofinance.io/@vlemon/elon-the-chief-twit-finally-took-control-of-twitter) * [Let's enjoy this bullish day while it lasts!](https://leofinance.io/@vlemon/let-s-enjoy-this-bullish-day-while-it-lasts) * [Big US Housing numbers tomorrow! Volatility expected!](https://leofinance.io/@vlemon/big-us-housing-numbers-tomorrow-volatility-expected) * [Spain became the 3rd Bitcoin ATM market!](https://leofinance.io/@vlemon/sapin-became-the-3rd-bitcoin-atm-market) Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@vlemon/crypto-com-trading-volume-plumets)
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