Exchange Review April 2019

Report Summary

CryptoCompare’s Exchange Review covers exchange rankings by volume; country analysis and predominant fee type model; derivatives and institutional products; fiat, bitcoin and stablecoin volumes. It is also focused on how volumes have developed historically for the top trans-fee mining and decentralised exchanges.

Key highlights:

  • Top crypto-to-crypto exchanges: Monthly volumes increased by 57%. Fcoin topped the rankings at USD 37.1bn (up 300%), followed by OKEx and ZB at USD 35.1bn (up 12.4%) and USD 32.4bn (up 18.8%) respectively.
  • Top fiat-to-crypto exchanges:  Monthly volumes increased by 85%. Bithumb was the top exchange at USD 17bn, despite a 47% drop in volumes, followed by Upbit and Bitfinex at USD 8.7bn (up 20%) and USD 6.7bn (up 114%) respectively. Coinbase, Kraken, Bitstamp and Coinsbit also enjoyed a surge in volumes in April, while Liquid experienced a decrease.
  • Crypto derivatives: bitFlyer Lighting (XBT-JPY perpetual futures) saw the highest daily average volumes at USD 1.6bn, followed by BitMEX (XBT-USD perpetual futures) at USD 1.1bn and OKEx Futures at USD 1.1bn (several futures products).  In comparison, regulated futures exchanges represented a very small proportion of volumes with CME trading a daily average of USD 0.3bn and CryptoFacilities trading USD 36.9m.

Explore the full Exchange Review report for more data.

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