CryptoCompares July Exchange Review shows top ranked exchanges increasing market share, yet lower quality exchanges still dominate.
Key highlights:
Top exchanges increase market share with those ranked AA (according to theCryptoCompare Benchmark) seeing a substantial rise in volumes
Exchanges ranked AA represented 5% (31 billion USD) of total aggregate volume in July, up 29% from June. Those rated A represented 19% (119 billion USD), up 9.9% month-on-month while those rated B represented 8% (47 billion USD), down 15.8% from June.
Yet lower quality exchanges still predominate…
Despite the increase in volumes across AA-ranked exchanges, lower quality exchanges – those with D-F ratings – still represented 64% (316 billion USD) of trading volume (down 7.8% since June).
The July Exchange Review includes severalnew features:
- Exchange Benchmarking Analysis
- Trade Data Analysis
- Case Study on BitMEX outflows in partnership with TokenAnalyst
Click here for thePress release
Click here for theFull report
