London, 20th December 2019: CryptoCompare, the global leader in digital asset data, today released its November 2019 Exchange Review which provides analysis of key developments in the cryptocurrency exchange-traded market.
Charles Hayter, Co-Founder and CEO of CryptoCompare, said:
“2019 has seen considerable focus across the digital asset industry on producing reliable data on the exchange-traded market, in order to tackle the problem of ‘fake’ volumes. CryptoCompare’s high quality, granular analysis, ranking the global exchanges, has brought greater transparency to the crypto asset class, enabling market participants to make better decisions.”
CryptoCompare’s Exchange Review evaluates the consistency and quality of cryptocurrency exchange data, assessing exchanges on the basis of spot 24-hour volume and pricing data. The review covers: exchange rankings by volume; predominant fee types; derivatives data; derivative products; fiat, bitcoin and stablecoin volumes. It also analyses how volumes have developed for the top trans-fee mining and decentralised exchanges.
Volume from top-tier exchanges (AA-B) decreased 6.9% while volume from low-tier exchanges (C-F) increased 3.7%.
Aggregate top-tier exchange volume still only represents 31.4% of the total market.
P2PB2B remained the top fiat exchange by total volume in November at 30.98 billion USD (up 23.78% since October).
This was followed by Coinsbit and Bithumb at 16.37 billion USD (up 102.1%) and 7.42 billion USD (up 15.24%) respectively.
The CME still dominates regulated bitcoin derivatives trading, with total volumes up 35.2% since October at 4.22 billion USD.
Volumes in the CME bitcoin futures increased from 3.12 billion USD in October to 4.22 billion USD in November. Meanwhile, Grayscale’s bitcoin trust product (GBTC) saw volumes decrease 17.5% in November, with 490.71 million USD traded.
OKEx was the top derivatives exchange in November, trading a total of 91.5 billion USD (down 0.4% from October), followed by Huobi at 89.52 billion USD (up 10.4% since October’s volumes).
The most highly traded derivatives product by total monthly volume was Huobi’s Quarterly BTC Future (Huobi_BTC191227) at 46.1 billion USD, followed by BitMEX’s BTC perpetual future at 37.9 billion USD and Binance’s BTC perpetual future at 32.3 billion USD.
The full November Exchange Review can be found here.
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CryptoCompare is the global leader in digital asset data. Institutional and retail investors rely on the company for real-time, high quality data spanning 3,200+ coins and 150,000+ currency pairs. By aggregating and analysing tick data from globally recognised exchanges and seamlessly integrating multiple datasets, CryptoCompare provides a comprehensive, granular overview of the market across trade, order book, historical, social and blockchain data. For more information, please visit https://data.cryptocompare.com