Low-quality Crypto Exchanges Represent 64% of All Trades
|Nika Baráková|source|4391x
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Low-quality Crypto Exchanges Represent 64% of All Trades

Although renowned exchanges such as Binance and Coinbase have experienced a significant growth in market share this year, investors seem to prefer trading on riskier platforms. In its shared survey conducted in July with CryptoSlate, CryptoCompare found that crypto traders preferred small and riskier exchanges over large, regulated ones.


In June, AA exchanges, such as Coinbase or Poloniex, represented only 5% (31 billion dollars) of the total aggregated volume traded on cryptocurrency exchanges, whereas lower-quality exchanges, those with D-F ratings, represented as much as 64% (316 billion dollars) of the total trading volume.

The report revealed that lower-quality exchanges dominate the market not only in terms of trading volume but also from the aspect of average trade size. LBank, Coinsbit and CoinBene exchanges have dominated in this respect.

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