The BIG 4 Rules The Crypto Market In Terms Of Volume With OKEx As The Leader

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Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • OKEx has recorded over $3.3 billion in December, which makes it the leader of all as it has a share of 35.8% of the total volume.
  • OKEx and Binance JEX, these two are the only firms to have their volumes grow to as much as about 10% of the total increase within November and December, last year.

There are many of the cryptocurrencies which operated in the market. Only a few of them are responsible for accounting the significant percentage of the volume in the crypto derivatives. If we go by the figures, a total of 96% of the amount is under the control of the four major cryptocurrency exchanges, according to CryptoCompare.

CryptoCompare is a central authority that bridges the gap between the traditional financial markets and the crypto markets. Launched in the year 2015, the key person who is the creator of this, was Charles Hayter.

The platform allows the users to live stream the prices, charts, and analysis of the top cryptocurrencies, some of them including Bitcoin and Ethereum.

OKEx has recorded over $3.3 billion in December, which makes it the leader of all as it has a share of 35.8% of the total volume. The first runner up was Huobi, which accounted for $2.7 billion with a market cap of about 29%. The third position was bagged by BitMEX, which saw its share of about 20% of the market shares and has a value of over $1.9 billion.

Last but not least, the “Binance Futures” bags in fourth place. The firm has a turnover of about $800 million and has a market share of about 11%. Thus as a whole, it could be made out of the data that about 96% of the whole stock held within these ‘four giants’.

When spoken about the OKEx and Binance JEX, these two are the only firms to have their volumes grow to as much as about 10% of the total increase within November and December, last year. The rest three, Huobi, BitMEX and Binance, all saw negative trends with BitMEX at a loss as much as -29%.

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