Crypto liquidity falling as market makers pull back from hostile US market

Key TakeawaysJane Street and Jump Crypto, two prominent crypto market makers, are scaling back crypto operations
The decision comes as US regulators continue an aggressive clampdown on the sector
Liquidity is already thin in crypto, and these moves will only drop it further and increase volatility, writes our Head of Research, Dan Ashmore  
It was just earlier this week that I wrote a piece about institutions abandoning crypto. In the couple of days since, it has got worse. 
Bloomberg