According to a recent exchange review from crypto data provider Cryptocompare for last month, April 2019, there has been an increase in trading volume on centralized cryptocurrency exchanges.
Cryptocompare Report for Fiat-to-crypto Platform
The review report revealed that a monthly volumes overall increase of 85% was recorded across top fiat-to-crypto platforms, monthly volumes.
For the month in review, fiat-to-crypto South Korean crypto exchange—Bithumb tops the list of exchange by total volume. The exchange recorded an overall volume of about $17 billion.
Following Bithumb is Upbit and Bitfinex at 8.7 billion USD (up 20%) and 6.7 billion USD (up 114%) respectively.
Similarly, U.S based bitcoin exchange, Coinbase, and other top exchanges such as Kraken, Bitstamp and Coinsbit also recorded an increase in volumes for the month.
In spite of the spike in traffic recorded by these major exchanges, crypto exchange Liquid saw a decrease in its overall volume.
Report for Crypto-to-crypto Platform
For crypto-crypto platforms, an average volume increase of 57% was recorded. FCoin, a crypto-crypto platform, recorded the largest monthly volume at $37.1 billion (up 300%). Following closely OKEx and ZB at $35.1 billion (up 12.4%) and $32.4 billion (up 18.8%) respectively.
Report for DEX Platform
For decentralized exchanges (DEX), Ethermium led the month of April just like it has been doing. The exchange which remains the undisputed king of DEX recorded a volume of $194 million. This volume was recorded despite a drop of 42% from its previously recorded volume.
WavesDEX which saw a volume of $32.5 million (up 3.5%), was followed by IDEX at $31.4 million (up 15.9%).
According to the data submitted by cryptocompare, Decentralized platforms accounted for just 0.068% of global spot exchange volumes for the month of April. DEX recorded a total volume of $317 million USD in April globally.
It was also reported that exchanges using a transaction fee mining model, saw a 124% increase in the volume. A total trading volume of $115 billion was recorded for April.
Source From : Coindoo News