Barclays Sees ‘Down-Year’ for Crypto in 2026 Without Big Catalysts

Spot trading volumes are cooling, and investor enthusiasm is fading amid a lack of structural growth drivers, analysts wrote in a new report. What to know : Barclays forecasts lower crypto trading volumes in 2026, with no clear catalysts to revive market activity. Spot market slowdowns pose revenue challenges for retail-focused platforms like Coinbase and Robinhood, the bank said. Regulatory clarity, including pending market structure legislation, could shape long-term market growth despite near-term headwinds.