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 AffectedThe 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 volumes fall by over 40 percent in January compared to December where it traded above $5 billion.U.S.-based Coinbase, which has been on a downtrend since the beginning of last year for its BTC/USD market, saw trading volumes rally above $2 billion in November. However, while December saw figures recede by a small margin, the trading volumes on the exchange fell even further and sat firmly on the $1 billion mark in January.It is worth noting that January’s trading volume levels for Coinbase are the lowest that the exchange has recorded since May 2017.Hong Kong-based OKEx had seen its volumes for the BT...
