Tokeninsight to Study Best Crypto Exchanges

The first place in the ranking was assigned to the Binance exchange
10 December 2018   693

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. 

Coinone to Join RippleNet

Coinone and Ripple cooperation started in May 2018, and now exchange believes it will help to create wide range of blockchain based financial services
18 June 2019   171

The Korean exchange Coinone, a member of the Big Four of Asian cryptocurrency exchange platforms, has joined the RippleNet network, AMBcrypto reports. Through participation in RippleNet, Coinone will be able to use Ripple's xCurrent solution to provide interbank services to its customers.

Coinone CEO Shin Won Hee, in a conversation with local media, said that his company would rely on cooperation with SBI Ripple Asia in creating a wide range of financial services based on blockchain technology.

According to the media, Coinone was the first exchange in South Korea, which joined RippleNet. As part of the cooperation with SBI Ripple Asia, Coinone intends to “organize overseas remittance events for 3,000 new subscribers to the block chain overseas remittance service.”

Coinone and Ripple started working together in May 2018, when the company integrated xCurrent solution into its own payment service called Cross. According to updated data, customers of the exchange can send transfers to eight Asian countries through the system, taking advantage of reduced commissions.

Earlier this month, Siam Commercial Bank, the largest commercial bank in Thailand, said it would use XRP cryptocurrency in its operations, but later, for unknown reasons, refused this statement.