Major Crypto Exchanges Record 30% Volume Growth in Q1 2019

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Major Crypto Exchanges Record 30% Volume Growth in Q1 2019

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The latest Cryptocurrency Exchange Industry Research Report for the first quarter of 2019, released by crypto analytics firm TokenInsight, shows that the main cryptocurrency exchanges experienced a 30% growth in trading volume in the first three months of the year.

The report notes that throughout 2019, most exchanges experienced a significant loss of volume, both in traffic to their platforms and in trading activity. This was consistent with declining prices over the market.

It also mentions the new trend of the initial exchange offering (IEO), brought on be the relaunch of the Binance Launchpad platform by one of the world’s leading international exchanges. This opened the way for investors to compete with projects like Ethereum for a share of the primary market.

The report also shows that 6 major security breaches happened among crypto exchanges, recording a total loss of funds valued at USD 230 million. This was a huge improvement, as it shows a 67% decline from a year ago.

Most significantly, despite all the setbacks, funds kept increasing into the markets, especially in USD but also KRW and JPY, reflecting increasing appetites.

 

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