Market share of top crypto exchanges passes $1T: CryptoCompare report
The report states that KYC and AML standards for exchanges have significantly improved over the last four months. Out of the 160 cryptocurrency exchanges analyzed in a recent report, half control roughly 85% of the total market share.According to a CryptoCompare Research report published today, exchanges that the analytics firm rated as “top tier” gained 13% of the market share from October 2020 to January. This put the market share of these 84 exchanges at roughly 74%, with more than $1 trillion in assets.However, CryptoCompare said this percentage likely rose to 85% for January. Given....
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The “top-tier” exchanges as ranked in a report by CryptoCompare increased their market share to 96% in February 2022. The top centralized cryptocurrency exchanges have reached all-time highs for market share this year as trading volume in crypto consolidates onto the platforms of only a few trusted companies.So named “top-tier” crypto exchanges have increased their market share from 89% in August 2021 to 96% in February 2022 according to data collected by UK analytics company CryptoCompare published on Monday, April 11.The firm analyzed over 150 active centralized exchanges, ranking them....
A recent study unveiled that top-tier cryptocurrency exchanges increased their market share since October 2020, in the context of lower-risk exchanges. The bitcoin bull market fueled that both retail and professional traders utilized such risk, data shows. Stricter Regulations Boosted Transparency Levels in Crypto Exchanges Per information from crypto market data provider cryptocompare.com, top-tier crypto exchange gained 13% market share from October 2020 to January 2021. In fact, it increased from 61% ($347 billion) to 74% ($1.41 trillion). But the study — which covered over 160....
CryptoCompare.com, a major cryptocurrency data hub, is to develop a new price widget with an integrated CoinTelegraph news feed. Users will be able to easily monitor cryptocurrency market data and the most relevant cryptocurrency news. A convenient interface of the widget will allow easy access to the latest information about any trading pairs, which are present in CryptoCompare Index: BTC USD, BTC CNY, ETH USD, and many others. The price data is pulled from over 30 exchanges. Websites will have an opportunity to freely install the widget. In order to do it, they need to click here, select....
Overall trading volume was down on derivatives exchanges, but one day set a new yearly high. Binance has overtaken Huobi and OKEx to become the largest crypto derivatives exchange by volume in the September figures with $164.8 billion across the month, according to the latest report published by U.K.-based data firm CryptoCompare, CryptoCompare looked at the trading volume of the top-tier exchanges and determined that Binance had seen around $8 billion more volume than its closest competitors, Huobi at $156.3B, and OKEx at $155.7B. BitMEX came in fourth with $56.4 billion in monthly volume....
Tether’s USDT stablecoin dominates crypto market volumes but data shows its $15.7B market cap does not negatively impact Bitcoin’s volume. Tether’s (USDT) stablecoin has been the leading base pair for cryptocurrencies for over eighteen months. This is a rather impressive feat given the ongoing court case with the New York Attorney General and the other frequent rumors that USDT is not sufficiently backed or subject to regulators' reach. USDT has also been the dominant stablecoin in China even though the country banned cryptocurrency exchanges in 2017. This is because large exchanges like....