(BlockBar) Monthly trading volumes increased by 85% last month on the largest cryptocurrency platforms, as reported in the new review of the information resource website cryptocompare. Despite the fact that trading volumes of the largest stock exchange in South Korea fell by 47% in April, it still showed the best result among other exchanges and showed a maximum volume of $ 17 billion.
Coinbase, Kraken, Bitstamp and Coinsbit also showed an increase in trading volumes in April, Liquid reported a decrease in volume. Majority of the trading platforms showed an average increase was 57%. Transactions of $ 37.1 billion (an increase of 300%) were made on FCoin, while on OKEx and ZB – $ 35.1 billion (an increase of 12.4%) and $ 32.4 billion (an increase of 18.8%), respectively.
Among DEXs (decentralized exchanges) ethermium remained the largest traded digital currency with a trading volume of $ 194 million, despite a general drop in volume of 42%. WavesDEX reached $ 32.5 million (an increase of 3.5%), and IDEX reached $ 31.4 million (an increase of 15.9%). CryptoCompare notes that the share of decentralized platforms accounted for only 0.068% of the total spot exchanges, and the total amount of transactions at these sites was $ 317 million.
An interesting trend showed in the report was an increase in trading volume by 124% on the exchanges using the mining commission on the trade commissions – trading reached $ 115 billion. Nevertheless, the exchanges that charge traditional commissions still lead: the total transactions at these sites reached $ 352 billion (an increase of 30%).
In January of this year, the 2018 annual report on cryptocurrency exchanges from research organization TokenInsight revealed that DEX accounts for 19% of the global exchange ecosystem, and trade volumes on decentralized platforms make up less than 1% of the total trading on centralized exchanges .
CoinMarketCap recently announced that it would exclude from its calculations those exchanges that do not provide the data requested by the site by June. The decision was made shortly after reports appeared regarding fake or artificially inflated trading volumes on some exchanges.