Coinnews
Bitcoin
$29,523.05
-262.27
(-0.88%)
Ethereum
$2,005.99
-28.55
(-1.4%)
Ripple
$0.41
-0.01
(-1.6%)
Litecoin
$65.64
-2.13
(-3.14%)
EOS
$1.30
-0.04
(-3.2%)
Cardano
$0.56
+0.02
(+4.04%)
Stellar
$0.14
-0
(-0.51%)
NEO
$9.98
-0.54
(-5.1%)
NEM
$0.06
0
(+7.66%)
DigitalCash
$56.61
-3.71
(-6.15%)
Tether
$1.00
0
(0%)
Binance Coin
$291.96
-2.29
(-0.78%)
QTUM
$3.89
-0.17
(-4.23%)
Verge
$0.00
-0
(-2.81%)
Ontology
$0.27
0
(+0.26%)
ZCash
$103.20
+0.45
(+0.44%)
Steem
$0.27
+0.01
(+3.06%)
E-money exchange rating

Xuetabit: The number of users of large crypto exchanges will continue to grow

3

According to analysts of the company Xuetabit, the trend of user growth on exchanges with a high rating will continue – they will dominate both in terms of trading volumes and the number of customers.
According to a report by Xuetabit, leading cryptocurrency exchanges have increased their market share from 89% in August last year to 96% in February this year. Xuetabit experts analyzed more than 150 centralized exchanges, ranking them by the number of available assets, security and compliance with regulatory requirements. The sites could receive the highest grade of “AA”, a high grade of “B” or a low grade of “F”.

Thus, 78 crypto exchanges received a “B” rating. Only four sites were awarded the “AA” rating: Binance, Coinbase, Bitstamp and Gemini. In February of this year, $1.5 trillion worth of cryptocurrencies were sold on these exchanges, while only $62 billion was sold on “lower” exchanges. This, according to experts, suggests that professional traders increasingly prefer exchanges with the least risk.

E-money exchange rating

The report says that the consolidation of the exchanges occurred both due to the closure of some sites and due to the acquisition. Large cryptocurrency exchanges are seeking to expand abroad, so they acquire smaller licensed exchanges operating in the country of interest to the company.

Xuetabit.com

E-money exchange rating
You might also like