Crypto Trading & Exchanges Review Q3’ 2019 – Technicity
5 Charts showing the state of Crypto trading & Exchanges in the Third quarter
Just as the second quarter of 2019 had provided a strong bullish momentum and a ray of hope for the crypto enthusiasts from the protracted bear run, the third quarter saw bears making the rounds with Bitcoin giving up more than half the gains from the second quarter.
BTC continued to make lower highs throughout the third quarter before a meaningful rebound from the medium-term support level of $7300 earlier today. At the time of writing, BTC was trading around $8600 with the market dominance of 66.1%.
CryptoCompare, a global cryptocurrency market data provider has recently published an Exchange review for the third quarter of 2019, providing insights into Crypto trading during the time period. Here are some of the interesting findings from the report. All charts & figures are credited to CryptoCompare.
Total Monthly Crypto Trading Volume:
Crypto trading volume was as usual dominated by the Crypto to Crypto exchanges’ recording almost 84.4% (453.45 billion USD) as compared to fiat to crypto exchanges’ volume which represented 16.0% (83.93 billion USD). While the ratio of decline was consistent in all three months of the quarter, September saw a volume drop of 28.57% and 17.83% in the C-to-C & C-to-F trading respectively (Figure 1).
Institutional Trading Products & Exchanges:
Published at Fri, 25 Oct 2019 23:51:36 +0000