Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: Goodcat49 on June 02, 2018, 02:00:27 PM

Title: 80% of Top Ranked Cryptocurrency Exchanges from 2016 Highly Declined
Post by: Goodcat49 on June 02, 2018, 02:00:27 PM
In this fast-growing cryptocurrency universe, 2016 seems like donkey’s years ago. Very many giant cryptocurrencies have fallen by a resting-area and 80% out of the top ten crypto platforms by trading volume have completely lost their position. Time has lacked sympathy to many bullish cryptocurrency exchanges including altcoin.

Since 2016, the top cryptocurrency exchanges composition has changed, and volumes traded dramatically. Coinmarketcap registered the top exchange as being Okcoin.cn that had a 24-hour volume of $440 million in August 2016. As per now, it’s position is 188th with $17,000 trading volume making Bitcoin and Litecoin to be the top traded pairs currently.

BtcTrade was the second on the list by trade volume in the year 2016 with $218 million 24-hour volume but today it is ranked 54th with a volume of $23million. At that time, Ybcoin and BTC were its pinnacle traded pairs but today, BCH and ETH are BtcTrade’s top pairs.

Huobi and Kraken have persisted in remaining among the top 10 since 2016 as Huobi was in the 3rd place but now currently is in the 4th position regardless of its 24-hour volume having increased from $165 million to $1.3 billion. This trend automatically shows a normal soar in the digital assets value like bitcoin, litecoin and others.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/top-ranked-cryptocurrency-exchanges-highly-declined/

(https://coinidol.com/upload/resize_cache/iblock/471/900_900_1/47110755b2b84065d28ee21980c5007e.jpg)
Title: Re: 80% of Top Ranked Cryptocurrency Exchanges from 2016 Highly Declined
Post by: btyco on June 05, 2018, 10:41:16 PM
Huobi and kraken have been in the top ten for a few years which shows that they are consistently able to attract good coins and traders. Proves that they are a reliable exchange, whereas bittrex has fallen from grace.
Title: Re: 80% of Top Ranked Cryptocurrency Exchanges from 2016 Highly Declined
Post by: felixesteban on June 15, 2018, 03:13:14 AM
In a very short time, binance made a huge leap and became one of the biggest exchanges. Bitrex was on the top last year and it was very popular, but this year its volume has decreased considerably.
Title: Re: 80% of Top Ranked Cryptocurrency Exchanges from 2016 Highly Declined
Post by: altcoingamer on June 15, 2018, 03:52:18 PM
Quote from: btyco on June 05, 2018, 10:41:16 PM
Huobi and kraken have been in the top ten for a few years which shows that they are consistently able to attract good coins and traders. Proves that they are a reliable exchange, whereas bittrex has fallen from grace.

I still think Bittrex' biggest problem is complacency and design.. it seems it takes them forever to add new coins and then on top of that have one of the most annoying  interfaces of any of the major exchanges.. along with a rebrand of the interface that functions and looks worse.  Id be surprised if Bittrex is in the top 50 at this rate come 2020.