Growth rate of the entire market transaction volume experienced lag in Q3
TokenInsight’s 2019 Q3 Cryptocurrency Exchange Industry Research Report promises to update you with the latest developments and changes occurring within the blockchain and cryptocurrency industries.
Key Points:
✅ During the third quarter of 2019, the volume of centralized exchanges still accounted for more than 99% of the market share, and even increased by 0.04 percentage points to 99.90% compared with 99.86% in the second quarter.
✅Furthermore, the TOP10 exchanges in TokenInsight rating shows that the average daily contribution volume per UV in the third quarter of 2019 was $906, while in Q2 this number was $891.
✅Meanwhile, the total transaction volume in the third quarter of 2019 reached 4.73 trillion US dollars, an increase of 16.12% from the previous quarter.
✅ The total number of decentralized exchanges in the third quarter of 2019 was affected by the market since bitcoin prices were sticky for several months and also in late September with only $4.527 billion; a decrease by $1,054 million from the previous quarter. It must be noted that in the total volume of decentralized exchanges was $5.581 billion in the second quarter of 2019
✅In the third quarter of 2019, the cryptocurrency market was regulated by more policies. More countries have started realizing the importance of the blockchain industry and hope to seize the opportunity to take a higher position in the development of global blockchain technology.
✅ The top three exchanges with the most user traffic are Coinbase Pro, Binance and Bithumb. However, the exchanges with the monthly top 10 monthly visits in the third quarter have changed significantly from the previous two quarters.
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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