Image credit: source

Major Crypto Exchanges Lose Trading Volume to Smaller Peers with Larger Altcoin Offerings, Research Suggests

Major Western cryptocurrency exchanges including Coinbase, Bitstamp and Kraken have suffered steep declines in terms of trading volumes, while newer platforms in Asia are gaining market share, according to a recent report by research group Diar.

The report, which cites data from CoinApi, revealed that Coinbase handled 83% less volume in July than in January this year, while trading on Bitstamp and Kraken decreased by 73% and 68%, respectively. By contrast, Binance’s volumes remained steady in the period and even posted a 21% increase last month versus June. Trading on peer OKEX hit a record high in July, rising some 32% since the beginning of 2018.

Explaining this trend, Diar noted that the major crypto exchanges based in the US are facing stricter regulations in regards to altcoins, thus they have been restricting their offerings to larger cryptocurrencies such as (BTC) and (ETH). Coinbase and Bitstamp list just five c…

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

(Excerpt) Read more Here | 2018-08-22 10:41:00

LEAVE A REPLY

Please enter your comment!
Please enter your name here