Crypto.com trading volume plumets!

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·@vlemon·
0.000 HBD
Crypto.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.png](https://images.hive.blog/DQmVJF9GMB23M6pCQkAE99e1MmSKjXokXEzJMtwC2cnzsHR/image.png)
[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)

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