Trading volumes on cryptomeria with extended lists of altcoins increased drastically

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Trading volumes on cryptomeria with extended lists of altcoins increased drastically

Daily trading volumes on cryptomeria with a small list of assets is reduced, offering a wide range of altcoins increases. And this despite the downward trend and the increase in the index of dominance of bitcoin to 53%. This is stated in the report of the study group Diar.

Analyzing the dynamics of the figure of daily turnover on the major sites like Coinbase, Bitstamp and Kraken, the analysts made an unmistakable conclusion — amounts falling! In comparison with January-July the volume of Coinbase decreased by 83%, the volume of Bitstamp and Kraken decreased by 73% and 68%, respectively.

But the volume Binance with the beginning of the year remained unchanged and even increased by 21% from June to July. Volume OKEX reached a record level in July, rising by approximately 32% since the beginning of 2018.

Explaining this trend, analysts say that the decline is characteristic of American playgrounds, which have recently faced more stringent regulatory policy in respect of the altcoins, so they limit offers large coins — BTC and ETH. Coinbase and Bitstamp list five coins, while Kraken supports 24, compared with hundreds of trading pairs on OKEx and Binance.

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