CryptoCompare: low-rated exchanges hold the largest market share

Cryptocurrency data provider CryptoCompare conducted a study of trading on cryptocurrency exchanges and it turned out that the main trading volume falls on sites with a low rating.

According to the report, the volume of trading on cryptocurrency exchanges in September 2019 was $496 billion. At the same time, sites with the highest AA rating showed a decrease in trading volume by 31.6% ($14.87 billion) and accounted for only 3% of the total trading volume.

Cryptocurrency exchanges with low D and E ratings took 71% of the market ($347.2 billion), while platforms with high and medium A and B ratings took 14.3% ($71.98 billion) and 4.7% (23.86 billion), respectively.

The largest trading volume – $28 billion – was shown by the d-rated BitMax exchange. In second place was the platform with the lowest E rating ($26.9 billion), and in third place was the Binance exchange, which was assigned a high a rating.

Trading volumes for bitcoin futures on the CME exchange fell from $5.9 billion in August to $4.83 billion in September. On the OKEx exchange, $90.3 billion of Transactions were made, which is 15% lower than August values, and on the Huobi platform, the trading volume was $84.5 billion.

Recall that in August of this year, the portal CryptoCompare reported that the cryptocurrency market continues to be dominated by exchanges with problems of compliance with current regulatory requirements and data security.