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In the last three months, the cryptocurrency platform in the market has seen a significant decrease due to the fall of the trading activity on the central platform, raising questions about whether the company has almost reached the bottom of another decline or is entering a more difficult phase.
Shares of major retailers have fallen 40-60% since October, with a sharp drop in stocks erasing huge gains made earlier in the year.
source: Newhedge
NewHedge data shows that the volume of transactions on the central platforms was the highest in January 2025 and then in October, when the total transactions for the month reached about $2.3 trillion.
Spot sales are down nearly 90% from their October peak
Binance did about $1 trillion in October, representing more than 40% of the total volume, before all transactions on the platform fell to about $1.7 trillion in November.
Sales continued to decline, reaching $1.2 trillion in December and falling to $120-150 billion in January 2026, about 90% lower than in October.
Binance was the largest exchange, recording only $70 billion to $80 billion in transactions, while many other exchanges recorded numbers ranging from one billion to the low billions.
Reveal CoinGecko data Binance maintained the same position in December with a market share of 38.3%, but with trading volume falling by 40% month-on-month to $361.8 billion.
Other major platforms such as Paybit, Mix, and others also recorded a double-digit decline.
source: CoinGecko
Although the number of sales on the top 10 sites increased slightly year-on-year in 2025, the second half of 2025 was marked by a clear decline, with several major platforms experiencing year-on-year declines.
The slow decline in business activity has led to platform issues.
Shares of Coinbase, Gemini and Polish have all been performing well in the capital markets since October, much lower than Bitcoin itself, which is down nearly 35% from its peak.
Coinbase shares have fallen 40.4% in the past six months to $189.62, following a sharp decline in trading on the platform. Polish also recorded a significant decline, falling by 56.7% in the same period to $ 29.43.
source: Google Finance
Robinhood’s markets have proven to be strong, with its shares down 16.0% over the past six months to $89.37, besting its peers over the period.
After the withdrawal of $ 19 billion, investors are retreating and ratings are falling
Market watchers say this is similar to the decline in the cryptocurrency market.
When prices rise, trading volume increases as investors chase, and when sentiment changes, activity slows down, exacerbating the decline in investment platforms.
This latest drop comes after an event Book closes on October 10where about $19 billion was cleared, which reduced the risk of retail traders and institutions.
At 1.66 million crypto traders were liquidated as the market faced a sharp fall, wiping $19.33 billion in positions.#Trump #Bitcoinhttps://t.co/7PNRagvFrx
– Cryptonews.com (@cryptonews) October 11, 2025
At the same time, this cycle is different from the recent decrease in other important things.
This sector did not see the collapse of any major trading platforms or tightening of regulations as happened in previous downturns.
Instead, the decline appears to be driven by post-conference fatigue, economic pressures, and risk movements in global markets.
In January, Bitcoin fell by nearly 11%, the biggest drop in months since 2018, and investors moved to what were seen as safe havens or derivatives.
Bitcoin spot ETFs see $817M in outflows $BTC it fell to $81,315, its lowest in nine months, driven by Fed uncertainty, weakness in the tech sector, and key risks. #Bitcoin #ETFshttps://t.co/e157j5VJoV
– Cryptonews.com (@cryptonews) January 30, 2026
Historically, such a decrease in volume follows a crypto winter that has followed notable booms, such as the collapse of MT Gox in 2014, the ICO explosion in 2018, and the financial crisis in 2022.
The recovery period often took years and was driven by innovation rather than a quick return to speculative enthusiasm.
A note Shares of digital currency platforms plunge by 60% with a sharp decline in trading activity – is the collapse over or just beginning? appeared for the first time Cryptonews Arabic.
