$13.8 Trillion Annual Spot Exchanges Trading Volume — 2019 Cryptocurrency Spot Exchange Industry Annual Report Shows

TokenInsight
Jan 14 · 4 min read

TokenInsight has just released its Cryptocurrency Spot Exchange Industry Annual Report to give you every important detail you need to know in the cryptocurrency spot exchange industry in 2019.

Key Points:

(1)$13.8 trillion annual spot exchanges trading volume

(2)48.29% BTC trading volume

(3)Twice the total trading volume of ETH is twice that of EOS

(4)0.78 Correlation between spot trading volume and BTC price trend

(5)82% The top 40 exchanges ranked by total annual trading volume accounted for 82% of the entire trading market (254 exchanges); the rankings of exchanges change a lot within the year, and the wash trading amount still cannot be underestimated.

(6) 18% of 227 exchanges surveyed support USD deposits

(7)0.01% The trading volume of decentralized exchanges only accounts for 0.01% of the entire market, and the industry as a whole is still underdeveloped.

(8)12 Countries/Regions have a positive attitude towards digital assets

(9)28% Following a 28% decline in trading volume in the fourth quarter, the market is forecast to continue to be depressed, and the spot exchange industry may continue to be under pressure.

In the 4th quarter of 2019, the top three exchanges with independent visitors were Binance, Coinbase Pro, and Upbit.

(10) The United States, South Korea, and Russia are the three countries with the most significant monthly average number of independent users on industry-wide exchanges.

(11)The layout of the exchange industry is targeted at the United States and Europe; various types of fiat currencies also have access to gold in market segment exchanges, and the threshold for digital asset allocation has significantly reduced in 2019.

(12)Benefting from exchanges’ product characteristics, especially its profit model, exchange-based tokens have relatively dazzling performance in 2019. Still, the value will return in the second half of the year. If the mainstream digital assets such as BTC cannot open a new round of bull market in 2020, exchange-based tokens may continue to decline due to the shrinkage.

💡Download the full report


About TokenInsight

Founded in 2017, TokenInsight is a Leading Data & Tech Driven Blockchain Financial Institution. TokenInsight pioneered a complete blockchain industry classification system, covering more than 1,600 projects, releasing more than 300 rating reports, and conducting in-depth studies into 10 major industries.

TokenInsight’s data, ratings, and research reports have access to more than 70 data platforms worldwide, including Messari, Delta, Binance Info, AICoin, Huobi Info, etc., with a monthly PV of over 30 million. TokenInsight has officially joined the Data Accountability and Transparency Alliance (DATA), initiated by cryptocurrency ranking site CoinMarketCap.

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