RATE Group | Top-Rated Crypto Exchanges Comprise 5% of Total Trading Volume: Report
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Top-Rated Crypto Exchanges Comprise 5% of Total Trading Volume: Report

23 Aug Top-Rated Crypto Exchanges Comprise 5% of Total Trading Volume: Report

Posted at 03:06h in Cryptocurrency News by

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Untrusted exchanges still command the lion’s share of global cryptocurrency trading volumes, a CryptoCompare report published on Aug. 21 reveals.

As of July, D-E rated low-quality exchanges represented 64% of trading volume — a staggering $316 billion — whereas top-rated AA platforms accounted for just 5% or $31 billion.

A-rated exchanges nonetheless increasing share

Lower quality crypto trading volume looms large over the sector: yet, there is a silver lining, according to CryptoCompare.

In July, volume from the highest-rated trading platforms (AA and A) increased by 29% and 10% respectively, while E-rated exchanges — representing $142 billion — saw a 20% decrease in volume as compared with June.

Aggregate monthly trade volumes by exchange grade

Aggregate monthly trade volumes by exchange grade. 2017-present. Source: CryptoCompare

On aggregate, Cryptcompare’s data shows that volume from exchanges rated AA-B increased by 4.4% — as compared with a fractional 0.7% increase for low-grade (C-F) platforms.

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