Bitcoin Volumes Could Signal A Perfect Storm


Bitcoin and cryptocurrency exchanges mostly make money from the fees they charge to users making trades (though that's beginning to change).
When trade volumes are low, bitcoin exchanges get into trouble–and right now they're pretty low.
Combined with the recent slump in the bitcoin price, which has dragged on the wider market, the nascent cryptocurrency industry could be headed for a perfect storm. 
Bitcoin trading volume among the top ten biggest bitcoin and crypto exchanges has fallen to under $200 million a day, according to bitcoin and crypto data company Messari, down 20-fold from a peak of $4 billion per day just a few months ago.
"Across all crypto venues, volumes are dismal," eToro's senior market analyst Mati Greenspan wrote in a Twitter thread, sparking industry concern.

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