Low Tier Exchange to Make 71% of Volume, - Research

According to CryptoCompare, this is what the top three looks like: BitMax (D) billion; ZB (E) and Binance (A)
22 October 2019   126

The share of exchanges with a high reliability rating in the total volume of cryptocurrency trading in September amounted to only 21%.

The share of high-rated exchanges in the total trading volume ($ 489 billion) for September amounted to:

  • AA - 3% ($ 14.87 billion);
  • A - 14.3% ($ 71.98 billion);
  • B - 4.7% ($ 23.86 billion).

The greatest activity was provided by D-E class exchanges with 71% ($ 347.2 billion).

According to CryptoCompare, this is what the top three looks like:

  1. BitMax (rating D) - $ 28 billion;
  2. ZB (E) - $ 26.9 billion;
  3. Binance (A) - $ 26.19 billion

Among cryptocurrency exchanges, the largest trading volume for September was recorded on South Korean Bithumb (A) - $ 17.7 billion.

At the same time, in the same month, the trading volume on the floors of classes AA, A and B (according to the Exchange Benchmark rating system) decreased by 15%, and on platforms with C-F ratings - by 29.7%.

The average transaction size on low-rated sites exceeded the performance of high-class exchanges.

Earlier specialists at Bitwise Asset Management came to the conclusion that 95% of the trading volume on unregulated bitcoin exchanges is fake. After some time, they noted signs of market recovery.

Poloniex Wants to be Tron Super Representative

If the exchange will be elacted, it will be able to participate in the distribution of awards for one and a half million TRX daily
18 November 2019   62

The Poloniex cryptocurrency exchange this Monday announced the nomination of its candidacy for the role of validator in the blockchain project system TRON.

If successful, the exchange will be able to participate in the distribution of awards for one and a half million TRX daily. At the time of publication, she ranks 92nd in the general list of candidates with 32,626 votes, while the last super-representative in the 27th position has 262,320,639 of them.

Some time before, Poloniex opened several trading pairs for the TRX exchange and announced an official collaboration with Justin Sun's project.