The Biggest Wins And Fails In Crypto
COR Index May 2019 Exchange Report
The latest COR Index crypto exchange report includes key figures needed to determine the health and trustworthiness of the top exchanges on the market right now.
The latest Corindex report was recently released to the public and it includes a mass of data on the dynamics of usage of the most popular crypto exchanges in the game.
Among the types of analytics gathered in the report, one can find rankings based on such factors as overall trading volume, amount of crypto trading pairs (i.e., BTC/ETH, etc), website traffic analysis, and the ratio of trades per visitor. The report also includes pertinent information on the top exchanges’ legal info and registration, headquarters, team members, and other key information needed to get the full picture of the trustworthiness of a crypto exchange.
The report spans the top 30 cryptocurrency exchanges by volume right now. May’s edition includes newcomers like Cryptonex, UPbit, and BKEX, while dropping Bibox, Bgogo, and Coinegg due to poor showings.
So what are the major takeaways from this month’s crypto exchange activities?
DOBI, LATOKEN, and Binance lead the pack in terms of trading volume growth. Bitmax is still on top despite poor showings.
Trading volume is a chief indicator of the health of a crypto exchange. This factor allows a potential trader to gauge how popular it is with other traders and how massive its audience is. In part, this correlates with an exchange’s trustworthiness in the crypto trading community.
In May, Bitmax still holds the top spot, despite showing an overall negative growth of 38.14%, with $64 million in trading volume. Right behind it are Binance, with $60 million and OKEX with $54 million total trading volume for the month.
Leading the exchanges with the largest growth over the month of May is DOBI, with a 101.68% leap, which allowed the exchange to secure the number 4 spot in the overall ranking. LATOKEN, with a 94.76% growth compared to the last month, is followed by Binance, which predictably grew 91.24%.
Bitmax, despite being the number one exchange in this category, is the one that showed the highest negative growth. The only other crypto exchange in the May report to show a negative growth is LBank with a 2.44% decrease in trading volume. 25 exchanges featured in the report were able to show at least some growth and three remained static.
Binance is by far the leader in terms of page views, with ten times the hits over the second-highest score in the category.
Analyzing month-to-month traffic statistics allows traders to get a fuller picture of the state of the crypto exchange market. This can be a great supplementary factor in determining whether to trade on a certain platform, and tracking changes in traffic statistics is a surefire way to catch a rising star.
Binance still remains far and away from the most popular crypto exchange by pageviews. Despite showing a drop in trading volume, its total monthly visits rose from 31.4 million in April to 42.45 million in May, for a growth of 35.16%. Next on the list is HitBTC, with 4.2 million, a modest rise of 4.8% over last month’s 4 million page views. The third spot in the report’s ranking goes to surprise grower Huobi, which was able to rise from a modest 328,012 page views to reach 3.7 million page views this month.
The poorest results in terms of overall pageviews were shown by DOBI, which fell to the number 22 spot in the ranking after a negative growth of 68.85% in this category. IDCM, which follows below at number 25, showed a comparable negative growth of -51.56%.
One of the more surprising hits in May was BW.com, which grew by an astonishing 491.85% to reach 686,948 total pageviews. Negocie Coins follows it with a comparatively more modest, but still solid 139.95% growth. Growth for all other exchanges in this category was sub 40% and more exchanges showed a rise in traffic, rather than a decrease, which may reflect a growing interest in trading crypto, or in the very least, a diversification of preferred platforms by current market participants.
In a ratio of page views to trading volume, OEX takes the lead. BITKER and BCEX follow after all three show modest growth in the category. The largest grower is DOBI.
The ratio of an exchange’s pageviews to its trading volume is a tried and true indicator of how much involvement it gets from the trading community. In this category, the report divides the monthly trading volume of any given exchange by the number of monthly visitors to
In the month of May, the largest trading volume per visit was achieved by OEX, with $1,950,954 per visitor, constituting a 66.64% growth. The only other exchange to crack $1 million in this category is BITKER with $1,332,035 and a 42.18% growth.
Binance showed a mere $1,436 in trading volume per visitor, which shouldn’t be surprising for the most-visited exchange in the whole ranking. Still, this constitutes an impressive 41.49% growth over April’s numbers.
DOBI delivers the biggest surprise in this category after growing a whopping 547.35% to reach $295,185 in trading volume per visit. IDCM follows after growing 212.25% and Coinall is right behind it with a growth of 151.97%. All other exchanges indexed in the ranking did not reach a growth over 80% in this category, and overall 20 exchanges were able to eke out some sort of growth.
