#Crypto compare full
#Crypto compare professional

#Crypto compare professional

Professional traders and investors rely on us for real-time, high quality data spanning 6,000+ coins and 250,000+ currency pairs.īy aggregating and analysing tick data from globally recognised exchanges, CryptoCompare provides a comprehensive, granular overview of the cryptocurrency market across trade, order book, historical, social and blockchain data.ĬryptoCompare’s definitive data sets and rigorous standards to safeguard data integrity are increasing transparency and confidence in the digital asset class. The rise in the market share of the top-tier exchanges is a welcome sight, indicating an influx of trading volume on more reliable exchanges.CryptoCompare is the leading provider of cryptocurrency data and indices. The market share of Top Tier exchanges is currently at 94.3%, the highest since November 2017. Meanwhile, the spot trading volume on Lower Tier exchanges fell 12.3% to $108bn, continuing its decline for the third consecutive month. In August, the spot trading volume on Top Tier exchanges rose 41.6% to $1.79tn, the highest monthly volume recorded in 2022. Top Tier Exchanges Continue to Dominate the Markets BUSD has seen its trading volume increase significantly in the past six months. The move was made to enhance liquidity and capital efficiency as it avoids fragmentation of liquidity on trading pairs. On September 5, the exchange announced its decision to auto-convert users’ existing balance and deposits of USDC, USDP, and TUSD stablecoins to BUSD. This feature differs from the zero-fee trading for BTC trading pairs announced last month as BUSD is the only beneficiary of the zero-fee Ethereum trading.

In August, Binance launched zero-fee trading for ETH/BUSD in anticipation of the Ethereum Merge on September 15. Spot trading volumes spiked 36.8% in August to $1.91tn – marking August as the second largest month by spot volume so far this year. This rise in spot trading volume, however, led to a 9.59% decline in derivatives market share – with the derivatives market falling to a yearly low of 62.4% market share.Īlthough derivative markets saw a decline in market share, derivatives trading volumes across all centralised crypto exchanges increased 1.91% to $3.16tn, registering its first rise in three months. Historically, the derivatives market has dominated crypto trading volumes.īUSD Most Popular Stablecoin for Ethereum Trading on Binance This combined with the falling price action of the markets has led to a decline in the BTC futures volume on the exchange to $19.9bn, the lowest volume registered since November 2020.ĭerivatives Volume Market Share at the Yearly Low

The number of BTC futures contract trading on CME also fell, declining 22.7% to 182k, the lowest value in four months.

This is the lowest volume recorded for the exchange since December 2020.

The aggregate volume of BTC and ETH futures contracts on the CME fell 20.7% to $28.9bn in August.

This is also the all-time high volume traded for the BTC/BUSD pair. Although the BTC spot trading into BUSD only slightly rose 0.44% to 2.14mn BTC in August, the token has seen its volumes increase by 394% from the start of the year.

BinanceUSD has also seen its BTC spot trading volume rise in recent months.

Although derivative markets saw a decline in market share, derivatives trading volumes across all centralised crypto exchanges increased 1.91% to $3.16tn, registering its first rise in three months. Historically, the derivatives market has dominated crypto trading volumes.

Spot trading volumes spiked 36.8% in August to $1.91tn – marking August as the second largest month by spot volume so far this year. This rise in spot trading volume, however, led to a 9.59% decline in derivatives market share – with the derivatives market falling to a yearly low of 62.4% market share.

#Crypto compare full

This volatility was reflected in the trading volume as spot trading on centralised exchanges jumped 36.8% to $1.91tn.ĭownload the full report here for all the latest insights. Volatility returned to the cryptocurrency markets in August as Bitcoin and Ethereum failed to break key resistance levels at $25,000 and $2,000, before a sell-off occurred following Fed Chairman Jerome Powell’s speech in Jackson Hole.īitcoin and Ethereum closed the month at $20,050 and $1,554 respectively, falling 14.0% and 7.47%.