Bithumb Overtook Binance as Largest Spot Exchange by Daily Volumes in November

Cryptocompare, the cryptocurrency market data aggregator, has published its monthly exchange review for November 2018, offering insights about the latest changes in the global market using transaction data from over 70 trading venues.

Also Read: IRS to Face Record Number of Crypto-Related Loss Claims

Key Findings in the Report

The authors of the report found that spot volumes represented 75 percent of the total market volumes in November, with futures volumes making up the remaining 25 percent. Platforms that charge trading fees controlled almost 90 percent of the daily spot volume, with transaction-fee mining exchanges at just 8 percent and venues operating with no-fee models at a mere 2 percent. Trading on fiat-to-crypto exchanges constituted only a third of daily spot volumes, with the rest on pure crypto-to-crypto venues.

“We have seen great interest in our monthly reports and are constantly adding new features to our regular analysis,” said Charles Hayter, CEO of Cryptocompare. “Real-time, accurate cryptocurrency market data remains crucial to our universe of retail and institutional investors, as we see more assets migrating to the digital format due to its immediacy and friction-less global nature. Our report is designed to safeguard data accuracy and integrity, to ensure consistency and