Bitmex Leads on Average Number of Trades, Binance Lagging Behind: Report

article image
Yuri Molchan
The analysis of DataLight confirms that Binance holds the status of the world’s largest exchange rightfully. Binance demonstrates the largest number of trades overall
Bitmex Leads on Average Number of Trades, Binance Lagging Behind: Report
Cover image via U.Today

The analysis provided by DataLight confirms that Binance holds the status of the world’s largest exchange rightfully. As you can see from the chart, Binance demonstrates the largest number of trades overall. At the same time, the average figure of transactions is low. This means that this platform is mostly used by ordinary investors and traders.

The highest average number of transactions can be seen on Bitmex. It is followed by the controversial Bitfinex exchange. At the start of the year, Bitfinex was alleged to have the same top-management team as the Tether company, the issuer of the USDT coin. But later it’s managed to prove the opposite.

Recently, as U.Today reported on Monday, the exchange has opposed recent allegations against it.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.