GMO Internet to Report $22M Crypto Profit

According to the report, in October, the services of the GMO Coin cryptocurrency exchange were used by over 200,000 people
13 November 2018   290

Japanese IT giant GMO Internet reported that in the third quarter it earned an all time high 2.6 billion yen ($ 22.8 million) through the production of mining equipment and a cryptocurrency exchange. This is stated in the company's report.

According to the document, in October, the services of the GMO Coin cryptocurrency exchange were used by over 200,000 people, and the volume of trading amounted to about 89 billion yen ($ 781 million). It also says that the company's revenues in the cryptocurrency sector grew by 34.4% compared with the previous quarter.

Although revenues from mining equipment fell in the second and third quarters, they nevertheless increased in the third. According to GMO, in October its hashrate will be 674 PH / s, but the company plans to increase this value to 800 PH / s by the end of the year.

Tokeninsight to Study Best Crypto Exchanges

The first place in the ranking was assigned to the Binance exchange
10 December 2018   103

Analytical agency Tokeninsight presented an updated quarterly rating of Bitcoin exchanges, which reviewed their progress over the past three months in difficult market conditions and identified the best trading platforms to date. This is reported by Bitcoin.com.

The exchanges were evaluated on such indicators as trading volumes, security and compliance with legal requirements.

According to the study, the first place in the ranking was assigned to the Binance exchange. It is followed by Coinbase Pro, Huobi, Bitfinex and bitFlyer. The sixth place was taken by the Bitstamp exchange, the seventh - KuCoin.

Analysts say that over the last quarter, the number of visitors decreased in almost all sites, with the exception of Bithumb. The South Korean exchange, whose traffic and cumulative rating increased, nevertheless, was only in 12th place in the ranking.

OKEx's ranking in 8th place was lowered, in particular due to the fact that the exchange “has repeatedly unilaterally changed its trading rules during our rating period, including data rollbacks and modifying its contract delivery rules”

In the case of the BCH hard fork, Okex delivered the last transaction price of BCH contract ahead of schedule at 16:05 p.m. on November 14, 2018 (GMT+8), and issued an announcement only one hour in advance, causing unnecessary losses to a large number of investors.
 

Tokensight Report

Hitbtc, Kraken and Kucoin exchanges were raised on the contrary, while Poloniex and Gemini were among the seven platforms that hit the report for the first time. Some exchanges, such as the Hong Kong Fcoin, received low marks due to questionable operations involving fictitious trading and pumping volumes.