Trading volumes on cryptocurrency exchanges have dipped to new lows in January, according to an analysis published by crypto and blockchain research firm Diar on Feb. 4.
Since the beginning of the year, digital currency exchanges have reportedly registered lower trading volumes, marking new lows that have not been recorded since 2017. Diar further notes that it has turned to be the worst period for the world’s leading crypto exchange by adjusted trading volume, Binance, as its Bitcoin (BTC)/U.S. dollar (USD) market reduced by more than 40 percent in comparison to December 2018.