CryptoCompare Publishes November Exchange Review

CryptoCompare Publishes November Exchange Review
20.12.2019 12:04 pm

CryptoCompare Publishes November Exchange Review

Cryptocurrencies

CryptoCompare, the global leader in digital asset data, today released its November 2019 Exchange Review which provides analysis of key developments in the cryptocurrency exchange-traded market.

Charles Hayter, Co-Founder and CEO of CryptoCompare, said:

“2019 has seen considerable focus across the digital asset industry on producing reliable data on the exchange-traded market, in order to tackle the problem of ‘fake’ volumes. CryptoCompare’s high quality, granular analysis, ranking the global exchanges, has brought greater transparency to the crypto asset class, enabling market participants to make better decisions.”

CryptoCompare’s Exchange Review evaluates the consistency and quality of cryptocurrency exchange data, assessing exchanges on the basis of spot 24-hour volume and pricing data. The review covers: exchange rankings by volume; predominant fee types; derivatives data; derivative products; fiat, bitcoin and stablecoin volumes. It also analyses how volumes have developed for the top trans-fee mining and decentralised exchanges.

Key highlights:

Volume from top-tier exchanges (AA-B) decreased 6.9% while volume from low-tier exchanges (C-F) increased 3.7%.
Aggregate top-tier exchange volume still only represents 31.4% of the total market.

P2PB2B remained the top fiat exchange by total volume in November at 30.98 billion USD (up 23.78% since October).
This was followed by Coinsbit and Bithumb at 16.37 billion USD (up 102.1%) and 7.42 billion USD (up 15.24%) respectively.

The CME still dominates regulated bitcoin derivatives trading, with total volumes up 35.2% since October at 4.22 billion USD.
Volumes in the CME bitcoin futures increased from 3.12 billion USD in October to 4.22 billion USD in November. Meanwhile, Grayscale’s bitcoin trust product (GBTC) saw volumes decrease 17.5% in November, with 490.71 million USD traded. 

OKEx was the top derivatives exchange in November, trading a total of 91.5 billion USD (down 0.4% from October), followed by Huobi at 89.52 billion USD (up 10.4% since October’s volumes). 

The most highly traded derivatives product by total monthly volume was Huobi’s Quarterly BTC Future (Huobi_BTC191227) at 46.1 billion USD, followed by BitMEX’s BTC perpetual future at 37.9 billion USD and Binance’s BTC perpetual future at 32.3 billion USD.

Related News

Mode Unveils Bitcoin Buying App

London-based fintech firm Mode, advised and backed by Twitter co-founder Biz Stone, has launched its Bitcoin banking mobile iOS app.

This will make Bitcoin - the world’s... Read more »

CQG Partners with DVeX to Offer Front-End Platforms to New Cryptocurrency Exchange

 CQG, a leading global provider of high-performance technology solutions for traders, brokers, commercial hedgers, and... Read more »

Boerse Stuttgart Crypto Trading App Attracts 81,000 Active Users In First Year

Uncomplicated and secure trading in cryptocurrencies on the smartphone: this is possible with BISON, Boerse Stuttgart Group’s crypto app.

Read more »

World Economic Forum Publishes CBDC Framework

The World Economic Forum (WEF) has put together a policy-maker toolkit designed to help central banks investigating the creation of digital currencies.

Last week, a Bank... Read more »

Uphold Introduces Commission-Free Cryptocurrency Trading, And The World’s Easiest User Interface

Leading digital money platform Uphold today introduces zero-commission trading on cryptocurrencies in a milestone for the industry designed to open up affordable access to one... Read more »

One In Five People Could Have Access To Central Bank Digital Currencies Within Three Years

Central banks collectively representing a fifth of the world's population say they are likely to issue a general purpose digital currency in the next three years, according to... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel