Opinion: The significant decline in trading volume in the U.S. cryptocurrency market may be related to Jane Street scaling back its crypto business and Jump Crypto exiting the U.S. market

ChainCatcher message, according to The Block, the 7-day moving average of cryptocurrency trading volume has hit its lowest level since the beginning of the year, with $12.84 billion on May 17, a significant drop from the peak of over $46 billion in March. Volatility has also decreased, with the Bitcoin Volatility Index (BVIN) dropping from 96 on April 14 to 58.5 on May 17.

According to Bloomberg, Jane Street is scaling back its crypto business for regulatory reasons, and its subsidiary Jump Crypto is exiting the U.S. market. (source link)