Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

CryptoCompare: Exchange Review, November 2018

by CryptoCompare
December 6, 2018
in HodlX
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
HodlX Guest Post  Submit Your Post
 
Executive Summary
Exchange Market Segmentation

From October to November, spot volumes constituted three quarters of total market volumes on average (7.3 billion USD) compared to futures volumes (2.3 billion USD). Average futures volumes1 decreased 28% since last month on average, while average spot volumes increased by 5%.

Exchanges with taker fees represented just under 89% (~6.6 billion USD) of daily exchange spot market volumes. Exchanges that implement transaction-fee mining represent just over 8% (~619 million USD) of the total spot market, while those that offer no-fee spot trading represent just over 2% of the market.

Exchanges that offer fiat to crypto pairs constitute a third of daily spot market volumes on average. Fiat to crypto exchange volumes averaged 2.73 billion USD while those that offer only crypto to crypto pairs averaged 4.54 billion USD. In terms of exchange count, more exchanges offer fiat to crypto pairs (57%) than those that offer only crypto to crypto pairs (43%).

Exchange Volumes

Bithumb overtook Binance as the top exchange in terms of 24h volume with an average of 1.24 billion USD. Binance (641 million USD) and ZB (560 million USD) traded the second and third highest volumes respectively. Yobit continues to offer the highest number of pairs at 7,032, followed by Cryptopia (4,321) and CCEX (2,140).

Bitcoin to Fiat Volumes

Bitcoin trading to Korean Won (KRW) dominated BTC to fiat spot volumes from the 7th of October to the 11th of November, representing 50% of all volumes on average. This is a 400% increase compared to those seen between the 15th of September to the 7th of October, where KRW represented a tenth of Bitcoin trading to fiat. From the 11th of November, trading then dropped off considerably. These volumes originate from Korean exchange Bithumb.

An analysis into Bithumb’s BTC to KRW volumes show that the exchange’s trading volumes appear to follow from their “Super Airdrop Festival” (1, 2, and 3) and “Special Gift” promotional events.

Country Analysis

South Korean-registered exchanges produced the highest total daily volumes (1.4 billion USD) overtaking Maltese-registered exchanges (1.2 billion USD), while the highest quantity of top exchanges (relatively high volume) are registered legally in Hong Kong (10) and Singapore (11).

Web User Analysis

Bithumb, ZB, CoinBene, EXX and FCoin attract significantly lower daily visitors than similarly-sized exchanges.

Bithumb, Coinbene and CoinTiger volumes increased significantly since last month, while their daily visitors decreased. A volume increase on an exchange, combined with a decrease in visitors may point towards incentive programs such as competitions, trans-fee mining, rebate programs or similar.

Order Book Analysis

Bitfinex, HitBTC, Kraken are among those that have the most stable markets assessed by cumulative depth down, while Neraex, Exrates and Cryptagio have the thinnest markets. These exchanges appear significantly less stable given their relatively low average order book depth values over the specified period of analysis.

Bitforex and Coinbene have both thin markets combined with relatively high volumes.

Changes to CryptoCompare’s Constituent CCCAGG Exchanges in November

In November, two new exchanges (Catex, Exenium) were added to CryptoCompare. Out of the pool of new exchanges we have monitored since October, only Coinmate met the minimum requirements and will subsequently be added to the CCCAGG. Following our November exchange review, Bithumb will be removed from CCCAGG calculations.

For a more detailed overview of our methodologies and analysis, see the full Exchange Review.

The November Exchange Review can be found here »
 
Check Latest Headlines on HodlX


Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements
 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • OpenDAX 3.0 With Exchange Liquidity Network (XLN) by Openware Goes Live
    March 6, 2021
  • Mogul Brings NFTs and DeFi to the Film Industry, Announces Access Pass Sale
    March 5, 2021
  • eToro and DS TECHEETAH Change Face of Sponsorship With Unique Profit Only Deal
    March 3, 2021
  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$50,364.00
$50,364.00
0.85%
Ethereum
$1,723.19
$1,723.19
2.88%
Binance Coin
$233.73
$233.73
2.9%
Polkadot
$34.11
$34.11
2.62%
Cardano
$1.12
$1.12
1.67%
XRP
$0.473420
$0.473420
1.38%
ADVERTISEMENT

Spotlight

  • Google Spotlights Bitcoin, Ethereum and Litecoin in New Finance Crypto Section
    March 2, 2021
  • Macro Guru Raoul Pal Says More Pain Ahead for Bitcoin – Here’s Why
    March 6, 2021
  • Whales Are Preparing for Bitcoin and Ethereum Rallies As Four Altcoins Outperform the Market: Santiment
    March 4, 2021
  • IoT Industry Migrates to Polkadot – What to Expect
    March 7, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.