The April 2019 Exchange Review found that decentralized exchanges claimed just 0.068% of global spot exchange volumes, with an aggregate monthly total of USD 17 million.
Monthly volumes on fiat to cryptocurrency exchange platforms reportedly increased overall by 85%. South Korean exchange Bithumb held its title as the top exchange by trading volume during April, disclosing a total of USD 17 billion throughout April.
Upbit and Bitfinex held second and third place, Upbit enjoying a 20% increase to hit a trading volume of $8.7 billion, while Bitfinex took a significant bump up 114% to reach a volume of 6.7 billion.
On crypto-to-crypto exchanges, the average volume increase was 57%, led by Chinese platform FCoin with the highest monthly volume of USD 37.1 billion.
Cryptocurrency-based derivatives, alongside other institutional products, have also been on the rise; US financial market company CME noted a 263% increase in the average trading volume of Bitcoin derivatives, CME dominating this particular market. CME also enjoyed a rise in Bitcoin futures volumes from USD 70.5 million to USD 256 million.
Despite a decision to soon cease listing Bitcoin futures products, CBOE’s futures volume increased 109% during April, hitting USD 9.9 million.
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