BINANCE – №1 IN THE WORLD BY TRAFFIC AND TRADING VOLUME AMONG CRYPTO-EXCHANGES
Chain Open Research (COR Index), a new York-based company specializing in cryptocurrency market analytics, has published a report on the performance of platforms for trading digital assets. According to the study results of the COR, the exchange Binance occupies a leading position in the market in terms of total trading volume – the turnover of the site for the past month exceeded $20 billion.
However, the increase in trading volume affected not only the largest exchanges — most trading platforms, including small ones, also experienced a significant increase in demand and supply in the digital asset market and, as a result, a change in trading volume indicators upwards.
Meanwhile, the Binance traffic over the past month, despite a 15% increase in trade volume, surprisingly decreased by 20%. However, the exchange still retained its leadership in attendance.
Also notable is the average size of the “check” for each visit of the trading platform. Thus, according to the study, each visit the Binance exchange was accompanied by a transaction in the amount of $761. The closest competitor to Binance is Coinbase which can boast only a check for $553
It is also worth noting that Binance, along with Bitfinex, is among the exchanges that do not falsify data on trading volume. According to the results of the BTI study, only these two exchanges of the 25 leading cryptocurrency platforms report correct information about the trading volume indicators.