How Did Crypto Exchanges Perform in Q1 2026? Key Insights From CryptoQuant

In the first quarter of 2026, the crypto market experienced a clear cooling in user participation following a cycle peak in the months prior. This decline in market participation was evident in crypto exchange trading activity. Data gathered by CryptoQuant on exchange activity in Q1 shows that traders and investors concentrated on major exchanges amid a decline in overall trading activity. Large liquid venues attract…