The crypto winter that started toward the end of last year doesn’t appear to be showing signs of slowing down. Digital assets like bitcoin lost more than 80 percent of their value while the overall crypto market cap shrunk from over $600 billion in January 2018 to less than $138 billion in December 2018.
Now, blockchain and cryptocurrency research firm Diar has released a report that reveals a sizeable drop in crypto trade volumes in January 2019 for popular crypto exchanges Binance, Gemini, OKEx and Coinbase.
Popular Exchanges Affected
The report from Diar notes that the plunge in trading volumes affected most crypto exchanges irrespective of their scale.
Malta-based Binance, the largest cryptocurrency exchange by 24-hour trading volume, endured one of its worst periods in January 2019, where its popular BTC/USD market saw trading…