According to the October report of the analytical resource CryptoCompare, in the period from mid-September to mid-October 2018 cryptocurrency trading platform without the support of Fiat pairs provide most of the volume of trades on the market digital assets.
#Fiat-to-crypto exchanges constitute just under a quarter of spot market volumes on average (~2 billion USD) while #crypto-to-crypto exchanges constitute approximately three quarters (~4.7 billion USD). See CryptoCompare”s latest monthly #exchange review: https://t.co/gpUWoPHiHj pic.twitter.com/zCucXjbVPX
— CryptoCompare (@CryptoCompare) November 7, 2018
Thus, only 63 of the exchange offer trading pairs with Fiat currencies, and 61 platform — only cryptocurrency. The average daily volume of trading on the last was about $4.7 billion, while the supporting indicators Fiat hovered around $2 billion.
If to speak about maximum values, then the daily trading volumes of exchanges with the support of Fiat reached $4 billion, and on a purely cryptocurrency sites — up to $7 billion.
Note that after the purchase Bithumb a Singaporean company, BK Global Consortium skyrocketing trading volume in pairs: BTC/KRW, and from 7 to 15 October, the Korean won provided a third of the trading volume of bitcoin in pairs with Fiat currencies.
We will add that for the past month fiaty the US dollar occupies a leading position and provide half of the trading volume. Followed by Japanese yen (21%) and Korean won (16%).
It is noteworthy that the Chicago Board options exchange (CBOE) and Chicago Mercantile exchange (CME) provides about 1% of the volume of trading of bitcoin futures, and BitMEX — more than 90%.
However, analysts say CryptoCompare, trading volume on the spot market significantly exceeds the performance of the futures market.
Recall cryptocurrency platform Bakkt from the operator of the new York stock exchange plans to offer the first futures contracts with physical delivery of bitcoins. The launch pad is scheduled for December this year.
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