Cryptocurrencies

Crypto Trading Volume Shifts From U.S. Exchanges as Prices Slump

  • Coinbase, Bitstamp, Kraken have seen steep declines this year
  • Research firm says less regulated exchanges see more business
Photographer: Akos Stiller/Bloomberg
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Some big cryptocurrency exchanges may be starting to regret snubbing small coins.

Bitcoin is holding up better than smaller digital coins in this year’s downtrend, but these tokens are boosting crypto exchange volume in a languishing market, according to a report by research firm Diar Ltd., using data by CoinApi.