Barclays flags down-year risk for crypto as spot volumes slide into 2026
Barclays calls 2026 a slow, transitional year for crypto as retail spot trading fades, Coinbase’s outlook is cut, and tokenization plus U.S. regulation stay long-term plays.
Summary
- Barclays says weakening retail participation and falling spot volumes could make 2026 a down year for crypto exchanges and trading platforms.
- The bank trims its Coinbase target as spot trading shrinks and costs rise, even as the exchange pushes into derivatives, tokenized equities and diversification.
- Barclays highlights tokenization and U.S. reforms like the CLARITY Act as long-term tailwinds, but warns regulatory progress and earnings impact will be gradual.
Barclays has issued a…
