According to the research company Diar, in November trading volumes on the major cryptocurrency exchanges fell to the lowest level.
In the latest study, analysts examined the dynamics of trades on the exchanges Binance, OKex, Huobi, Bitfinex, Kraken, Poloniex, Bittrex and HitBTC and came to the conclusion that the end of 2018, the trade performance was significantly below the January data.
The report noted that when the cryptocurrency market is showing decline, traders take a wait and see tactic and prefer to opt out any operations with digital assets. Only a small part of token shows the growth of trading operations.
On the platform Poloniex almost all the coins showed a decline in trading volumes. On exchanges such as Bittrex, the decline is also large, but it concerns only the individual cryptocurrency.
The report highlights:
Binance demonstrates approximately equal to the trading volume as a percentage. If we compare the figures for trade cryptocoins at this site since January and October, at the end of 2018, slightly less than half of the list of accepted coins showed a decline in the number of operations with these assets
More than 75% of digital currency added to the listing of cripture in 2018, showed a decline in trade performance.
Previously, the General Director of the exchange Binance Chanpen Zhao said that he was not particularly worried in connection with the fall in trading volumes on the platform this year, as if to compare these data with the results of trading two or three years ago, they will still be higher.