Contents
Key facts:
71.1% of the volume of exchange of the month of August is transacted them in criptobolsas of category D and E. CoinBene, ZB, LBank and Bibox are among the most daily volume exhibited the past month.A study prepared by the firm CryptoCompare noted that exchange houses with low rating are dominating the daily volume of operations with cryptocurrencies. The consulting firm published in its monthly analysis that during the month of August, 71.1% of the trading volume occurred in criptobolsas of category D and E, according to the ranking drawn up by the startup.The report, which analyses the activity of exchange houses in cryptocurrencies on a global scale, indicates that the volume of trading on the criptobolsas with the lowest score reached 473.000 million u.s. dollars, together.”The volume of trading is still dominated by the exchange houses of poor quality. They are platforms with a rating Of a which represent 71.1% of the combined volume (473.000 million dollars),” he said CryptoCompare in the research.However, although in the ranks of the 10 exchange houses with the highest daily volume average (criptomoneda to criptomoneda) there are 8 with a low rating, the first two positions corresponded to Binance and OKEX, both with the category A. The first exhibited an average daily trading of USD 917.648.833, while the second recorded a total of USD 916.428.517.The rest of the ranking was as follows: CoinBene (E), with $ 903.398.026; ZB (E), with $ 835.243.380; LBank (D), with USD 807.525.990; Bibox (C), with USD 801.622.109; Bitforex (E), with $ 778.134.948; DigiFinex (D), with USD 761.480.632; EXX (E), with $ 675.114.756; and HitBTC (D), with USD 669.209.856.
Decrease of exchanges
CryptoCompare said to make the crossing of information from the past month of August with the registered in July we also observe an overall decrease in the volumes of exchange. This ranges from the criptobolsas with the highest rating (AA) to the lowest category (E).The company noted that in August the volume of trade in the exchange houses of cryptocurrencies rated as higher quality (AA and A) decreased by 30% and 35%, respectively. Meanwhile, the volume of the criptobolsas with qualification And decreased by almost 4.6%, as compared to the previous month.Another important finding of the report is related to the volumes of exchange of bitcoin to currencies fiat. In August, 42% of all transactions of bitcoin to fiat were made to the dollar of the united States. On this aspect CryptoCompare also speaks of a significant decline.”Volumes of BTC to USD decreased from 2.12 million BTC in July to 1.33 million BTC in August (37% less). Meanwhile, operations with BTC in JPY (japanese yen) accounted for 1.04 million of BTC in August (24% less since July), while operations with BTC in EUR accounted for 280,000-plus BTC (37% decrease from July)”, as it reads in the report released last Thursday.This behavior could be interpreted as a move by operators to maintain the position in BTC over other currencies, which is reflected in a relative stability in the price of bitcoin, which revolves around the $ 10,000.The past month of June CryptoCompare released a ranking of exchange houses of cryptocurrencies. There, the company evaluates more than 100 criptobolsas at a global scale to give high or low rating. The ranking considers various parameters ranging from geographic location, legality and regulation, until the team of the company and the data provided.