CryptoCompare’s Exchange Review: Exchange Rankings, Fiat Trading, Trans-Fee Mining, DExs and More

Avi Rosten

CryptoCompare’s monthly exchange review takes an in-depth look at the fast-changing landscape of cryptocurrency exchanges - examining an array of features in the space from trading volumes, exchange rankings, geographical distribution, news, fiat support to areas of exchange innovation such as Trans-Fee mining and decentralised exchanges.

Here are some interesting takeaways from this month’s report:

CCAGG Exchanges by 24H Volume

exchanges 24h volume.pngCurrent CCCAGG Constituent Exchanges, Sized by 24H Volume

One particularly interesting chart in the review shows the world’s leading cryptocurrency exchanges sized by their average 24-hour volume in August. While there are few surprises with respect to the leading exchanges, it is interesting to note the continued high-volumes of the controversial Trans-Fee mining exchanges such as CoinBene and CoinEx.

These exchanges appear in the review in orange to indicate that their pricing data is excluded from CryptoCompare’s CCCAGG Index: CCCAGG is a real-time aggregated index calculation methodology used to calculate the best price estimation of cryptocurrency pairs traded across exchanges. However, this pricing data can vary by exchange for a variety of reasons, and therefore evaluating each exchange and whether pricing or volume data should be excluded or included in calculations becomes important. See the report for more

Proportion of Fiat-Crypto Trading by Fiat Currency

fiat-crypto.png

Another interesting chart shows the proportion of different fiat curencies that comprise crypto-fiat trading value globally. Interestingly, Korean Wong (KRW) comprise a significant proportion of global fiat trading, despite the ongoing - albeit reduced - “Kimchi Premium” on purchases of cryptocurrencies in South Korea.

August Exchange News Roundup

EXCHANGE

STORY

Bithumb

Bithumb Reopens New Account Registration

29th Aug

 

HuobiPro

Crypto Exchange Huobi Announces Five Partnerships to Further Its Expansion Efforts

18th Aug

Binance

Binance Partners with LCX to Offer a Fiat-to-Crypto Exchange in Blockchain-Friendly Liechtenstein

17th Aug

Bittrex, Bitso, Coins.ph

Ripple Partners with Three Crypto Exchanges as Part of XRapid Solution

16th Aug

Coinbase

Coinbase announces acquisition of small San Francisco-based Startup called Distributed Systems

15th Aug

Kucoin

Kucoin’s Hong Kong Office Reportedly Empty

10th Aug

Bittrex

Crypto Exchange Bittrex Launching USD Markets for XRP and ETC

8th Aug

Bithumb

Hacked Cryptocurrency Exchange Bithumb Reopens Deposits and Withdrawals

4th Aug

Coinbase

Coinbase Adds Support for GBP Deposits and Withdrawals

2nd Aug

Binance

Binance Buys Decentralized Trust Wallet

1st Aug