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Top rated Crypto Trading occupies 5% of the total market size

2019-08-22 01:53 pm | Resource: News Section | No Views : 41

Top rated Crypto Trading occupies 5% of the total market size Untrusted Crypto Trading exchanges continue to capture the lion's share of global trading volumes, the CryptoCompare report, published on Wednesday, August 21, revealed.
As of July of this year, low-quality digital currency exchanges of the D-E class accounted for 64%, of trading volume - about $ 316 billion - while higher-rated AA platforms accounted for only 5% or $ 31 billion.
In July, trading volumes from the top-rated trading platforms AA and A rose 29% and 10% respectively, while electronic-listed exchanges - representing $ 142 billion - saw a 20% decline in volume compared to June.
Top rated Crypto Trading occupies 5% of the total market size
In total, Cryptcompare data show, trading volume of AA-B exchanges increased by 4.4% - compared to a fractional increase of 0.7% for low-quality platforms (C-F).
Untrusted exchanges - all C-F - recorded the largest average volumes of trade in the market LBank, Coinsbit, and CoinBene, with average trades of 3.7, 1.6 and 1.1 BTC respectively.
Compared to the Crypto TradingCoinbase, which is rated AA, the average trading volume of LBank was about 15 times larger. However, while Coinbase recorded more than 100,000 transactions a day, LBank hosted an average of 25,000 transactions per day.
The report also revealed that four good liquid (AA-B) platforms, Binance, OKEx, and BitFlyer, topped the average daily trading chart, with a liquidity view of more than 400,000 daily deals on average and Binance over 300,000.
As I mentioned, there is growing awareness in the industry of the proliferation of unreliable digital currency trading platforms, counterfeit trading volumes, and market manipulation, which includes strategies such as money laundering and deception.

In mid-March of this year, Bitwise Asset Management released an important report on Bitcoin trading figures, claiming that 95% of Bitcoin trading volume as described in the CoinMarketCap (CMC) dataset was manufactured through money laundering trade.
In June this year, CMC provided a final warning to all cryptocurrencies in the global exchange market to disclose accurate data, saying it will be deleted from the site if it fails to report trading data, its size and other information related to integrity.

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