Barclays flags down-year risk for crypto as spot volumes slide into 2026.

Barclays labels 2026 as a slow, transitional year for crypto, as retail spot trading withers away, reduces Coinbase's outlook, and tokenization plus U.S. regulation remain long-term plays.

Barclays is offering a conservative outlook for the cryptocurrency market in 2026, with lower trading activity and a lack of significant catalysts to drive appreciation, according to a year-end research report from the bank.

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