According to a recent exchange review from crypto data provider Cryptocompare for last month, April 2019, there has been an increase in trading volume on centralized cryptocurrency exchanges.
Cryptocompare Report for Fiat-to-crypto Platform
The review report revealed that a monthly volumes overall increase of 85% was recorded across top fiat-to-crypto platforms, monthly volumes.
For the month in review, fiat-to-crypto South Korean crypto exchange—Bithumb tops the list of exchange by total volume. The exchange recorded an overall volume of about $17 billion.
Following Bithumb is Upbit and Bitfinex at 8.7 billion USD (up 20%) and 6.7 billion USD (up 114%) respectively.
Similarly, U.S based bitcoin exchange, Coinbase, and other top exchanges such as Kraken, Bitstamp and Coinsbit also recorded an increase in volumes for the month.
In spite of the spike in traffic recorded by these major exchanges, crypto exchange Liquid saw a decrease in its overall volume.
Report for Crypto-to-crypto Platform
For crypto-crypto platforms, an…