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/