Analysts note a strong increase in trading volume on cryptocurrency exchanges

The new report of the analytical unit CryptoCompare for April indicates a significant increase in trading volume on centralized cryptocurrency exchanges .

So, on the leading platforms trading in Fiat against cryptocurrencies , the cumulative volume grew by 85%. South Korean Bithumb has become the leader in this indicator with an indicator of $ 17 billion. At the same time, it is curious that on the platform itself the trading volume last month fell by 47%.

April #Exchange Review is out! 1 / #CME continued up to 256m (up 263%); 2 / Sharp increase in transaction fee mining volumes; 3 / top #crypto -to-crypto exchange increases by 57%. https://t.co/bqF4jDiqMi pic.twitter.com/jHrMrYOTXe

– CryptoCompare (@CryptoCompare) May 20, 2019

The second and third places on this list were taken by Upbit and Bitfinex – $ 8.7 billion (+ 20%) and $ 6.7 billion (+ 114%), respectively. Also, analysts have noted an increase in trading volumes on such exchanges as Coinbase , Kraken, Bitstamp and Coinsbit, but on Liquid these figures were lower than a month earlier.

In addition Cryptocompare notes that 60% of the total volume of trading in Bitcoins occurred in the US dollar. A month earlier, this figure was 46%.

In April, 60% of all #Bitcoin trading into fiat was made up of the US Dollar @ CryptoCompare pic.twitter.com/1ibrFm1ZW1

– Unfolded (@cryptounfolded) May 20, 2019

On platforms trading in pairs of cryptocurrency / cryptocurrency, the total volume grew slightly less, but the figure itself is also quite impressive – a growth of 57%. It is noteworthy that the Chinese FCoin became the leader in this category – its volumes grew in April by 300% and reached $ 37.1 billion.

The second and third places were taken by OKEx and ZB – $ 35.1 billion (+ 12.4%) and $ 32.4 billion (+ 18.8%), respectively.

Decentralized Exchange

In the category of decentralized exchanges (DEX), Ethermium, despite a 42% drop, retained the status of the largest platform in terms of trading volumes ($ 194 million). The second and third places were occupied by WavesDEX and IDEX with a significant margin – $ 32.5 million (+ 3.5%) and $ 31.4 million (+ 15.9%).

At the same time, the decentralized exchanges in the past month accounted for $ 317 million of volumes, which is only 0.068% of the global volume of sites with spot trading.

Cryptocompare analysts also noticed that over the past month, trading volumes on the exchanges with the Transaction-fee mining model increased by 124% to $ 155 billion.

Earlier in May, the CoinGecko analytical service presented a so-called “Trust Score” (Trust Score), which shows normalized trading volumes of cryptocurrency exchanges. The leader in this indicator was named Binance Exchange .

Publication date 21.05.2019
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