On crypto exchanges, which are considered reliable platforms for transactions with digital assets, in September accounted for only 21% of the total transaction volume.
According to CryptoCompare, in September, the crypto exchanges, which are shown in orange and red on the chart (D, E), accounted for 71% (347.2 billion) of the total volume of crypto transactions ($ 489 billion). Meanwhile, last month the volume of trading on the sites that are in class AA and A decreased by 31.6%.
In September, Lower-tier exchanges graded DE still dominated – representing 71.0% of the #crypto spot market combined (347.2 billion USD). Meanwhile, AA-graded exchange volume decreased 31.6% … Read our new September Exchange Review here … https://t.co/grZ23Xyu1W #bitcoin pic.twitter.com/UffsEOLRFR
CryptoCompare (@CryptoCompare) October 21, 2019
According to CryptoCompare, among the three leading platforms, BitMax (class D) – $ 28 billion, ZB (class E) – $ 26.9 billion, Binance (class A) – $ 26.19 billion. If we consider crypto-fiat exchanges, then most of all in terms of trading volumes, the Bithumb platform, which is based in South Korea, was struck – $ 17.7 billion. It is noteworthy that the average transaction size on low-rated platforms exceeds the performance of sites that belong to a higher class.
Note that not so long ago, Bitwise Asset Management researchers found that 95% of the volume of trades recorded on BTC exchanges, which are considered unregulated, are fake. After that, however, the same company, as well as specialists from the Blockchain Transparency Institute (BTI), drew attention to the fact that the indicators of fictitious trade decreased by more than 35%.
