On Friday, analysts at Mizuho (NYSE: MFG) published a note estimating crypto trading volumes were down 30% to 40% below average on the year, which could continue to hurt the company's crypto trading revenues. As inflation bites lower-end consumers and a potential recession looms, there is a lot of fear out there regarding the underwriting of these unsecured short-term loans. Management also stressed that due to the short-term nature of these loans, it could easily tweak its underwriting to adjust for a rapidly changing economy.