Main crypto exchanges see 30% surge in trading volume in Q1, 2019
What was the big news for the top exchanges?
TokenInsight has published its Cryptocurrency Exchange Industry Research Report for the first quarter of 2019. TokenInsight, describes in over 30 pages its latest findings on Major crypto exchanges.
✅ From the start of the 2018 bear market, cryptocurrency exchanges have been troubled with significant volume losses in traffic and trading.
✅ Binance set off a new trend in the market by re-launching its Binance Launchpad platform. This service has allowed exchanges to no longer only participate in the secondary market but has created a way to compete with projects like Ethereum for primary market share.
✅ In the first quarter of 2019, there were 6 major security breaches among cryptocurrency exchanges. The total loss and stolen funds exceeded $230 million, which is down 67% year-on-year but has nearly tripled quarter-on- quarter.
✅ The volume of centralized trading started to increase from February 2019, and the market has gradually recovered. However, the trading volume is distributed between different countries throughout the first quarter of 2019.
✅ Among fiat exchanges, USD, KRW and JPY were the most utilized fiat currencies. In February, there was an increase in the amount of funds entering the market, especially increases in USD deposits
✅ The average monthly user visits of exchanges showed an accelerated downward trend, with a decrease of 8.5% in January 2019 and another decrease of 11.5% in February. The overall downturn in the market is quite noticeable.
TokenInsight is proud to share its findings with you and invites you to use the content of the report by quoting its source.
TokenInsight is an independent third-party data analytics organization whose focus is to provide accurate information and ratings on companies developing in the blockchain industry. TokenInsight is dedicated to providing accurate ratings, research, and analytics that contribute to intelligent financial decisions and market transparency.
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