the crypto compare, a provider of market data for Bitcoin & co., has on 17. January its December report on the Bitcoin exchange landscape. This is dominated in terms of trading volume as of Binance. Overall, the ten largest Exchanges for over 60 percent of the crypto-trade. Decentralized crypto-exchanges (DEX) also played in the ending 2018 a minor role.
By Christopher clover
21. January 2019 BTC$3,527 were possible,78 -0.09% part Facebook Twitter LinkedIn xing mail
It was a lean end to the year for the crypto-market. As a recently published report by the crypto-data portal crypto compare, get the Bitcoin exchanges. Industry leader Binance lost in December, 13 percent of its monthly trading volume compared to the previous month. The second – and third-placed OKEx, and especially EG (20% less than in the previous month) had to leave in December springs.
Concentrated market trade in decentralized Assets
as before, there is a strong market concentration in Bitcoin exchanges. About ten percent of the crypto-trade was in December on the Maltese Exchange Binance. 30 percent of the crypto trading volume went it alone on the account of the big three, while the 25 largest Exchanges can unite the 90 percent of the crypto-trade.
The Top 2 has a seat on the “Blockchain Island,” scenic island state of Malta. Malta received Binance, as well as OKEx in the past year with open arms. Malta now leads the world ranking of countries on whose exchanges the most crypto-currencies change the owner. In December, the island nation recorded a trade volume of almost 40 billion US dollars, followed by Hong Kong with 32.5 billion U.S. dollars and the U.S. territory of Samoa, with around 23.6 billion US dollars. For Malta, this means a decrease of nine percent compared to the previous month.
Read also: Déjà-vu: Binance wants institutional investors to attract
The majority (86 percent) of the trading volume in December delivery on Exchanges with transaction fees for Market Maker and Taker. However, the analysts of crypto compare observed an increasing proportion of crypto-exchanges, whose business is definitely model of Transaction Fee Mining (TFM). In the case of TFM stock traders get a discount on trading fees in the Form of an exchange of your tokens. The proportion of the TFM market in the total volume rose from November to December, from eight to twelve percent. This goes back mainly to the fact that crypto compare for your analysis have for the first time, takes account of the crypto-stock exchange because these are seen.
Decentralized exchanges (DEX) marginal
Decentralized crypto-exchanges deadlines, as before, a niche market. However, it was with Ethermium a new Player to the top of the decentralized stock exchange offshoot. After all, Assets were exchanged in December for the equivalent of US $ 171 million over Ethermium on a decentralised basis. This is almost a third less than in the previous month, but still significantly more than the present competition. The second most popular DEX, WavesDEX, lands, however, with a volume of 53.5 million dollars behind in 2nd place. There are a total of decentralised exchanges are still significant catching up to do, in terms of their share of the market. The analysts of crypto compare appreciate the DEX-trade volume-finally, in December, to approximately 254 million U.S. dollars – not even one percent of the total volume of the crypto-spot markets.
also Read: A short Guide to more anonymity in the Bitcoin network
