2020 Q3 Cryptocurrency Exchange Industry Leaders‘ Opinions
Overview
According to “2020 Q3 cryptocurrency spot/derivative exchange industry research report” released by TokenInsight Research, the total trading volume decreased by 26.5% in the spot market, and increased by 25.1% in the contract market, compared to the previous quarter.
TokenInsight Research conducted statistics on user changes, user distribution, user types, and leverage types, based on the interview with nearly 30 exchanges in the industry. Meanwhile, the research team collected multiple attitudes towards market highlights, industry dynamics, and futures & options market.
In general, cryptocurrency has experienced the extreme crash like “3.12”, and external factors like the spread of Covid-19 exacerbated global economic uncertainty. Looking back to the Q3, the rise of DeFi is undoubtedly the biggest highlight in the industry. Decentralized exchanges have grown rapidly, meanwhile, DeFi fever contributed a certain amount of traffic to centralized exchanges. DeFi has swept the market silence since June due to Bitcoin’s horizontal movements.
Looking forward to the future, most exchanges are optimistic about Q4, but they tend to prefer a relatively conservative business expansion strategy, especially under a stricter supervision environment. Most exchanges focused on their existing market as their main business, few have expressed aggressive expansion in the Q4.
Please pay attention, market data and industry views in this report are all collected by TokenInsight Research team through private interview. TokenInsight cannot guarantee accuracy and authenticity. TokenInsight Research Team has not temper or distort any of the data or opinions.
About TokenInsight
Founded in 2017, TokenInsight is a Leading Data & Tech Driven Blockchain Financial Institution. TokenInsight pioneered a complete blockchain industry classification system, covering more than 1,600 projects, releasing more than 300 rating reports, and conducting in-depth studies into 10 major industries.
TokenInsight’s data, ratings, and research reports have access to more than 70 data platforms worldwide, including Messari, Delta, Binance Info, AICoin, Huobi Info, etc., with a monthly PV of over 30 million. TokenInsight has officially joined the Data Accountability and Transparency Alliance (DATA), initiated by cryptocurrency ranking site CoinMarketCap.
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