The crypto world is so quiet, no one's playing or talking. That's why exchanges are scrambling to grab the US stock token market. More small exchanges will shut down in the future, running at a loss for too long, and in the end, users' little bit of principal just gets wiped out. Spot trading volume across 44 exchanges has dropped to its lowest point this year, slashed in half, then halved again from the peak at the start of the year. With liquidity drying up in the crypto space, no matter how amazing the story is, barely anyone's participating.