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Cryptomarket remains in good place – actual trading volume of digital currency is twice larger than reported

Cryptomarket remains in good place – actual trading volume of digital currency is twice larger than reported
Nov 12, 2018 by Rico Wise

Over the past year, the cryptomarket has encountered a loss of over 70% of its valuation in the wake of the fourth largest correction in its decade-long history. Zhao claimed that the trading volume of Binance cryptoexchange has lost over 90% from the beginning of the year because of the correction and in part due to the increased stability demonstrated by Bitcoin over the past 90 days.

However, with a gradual growth in the quantity of active customers and Bitcoin deposits, Binance still manages to register good trading volume and keep conducting healthy business. Providers of data regarding the digital currency market, such as CoinMarketCap, CryptoCompare, and CoinCap all provide reports of the daily trading volume of dominant digital currencies and the whole cryptomarket based in the volumes registered by such cryptoexchanges as Binance.

Previously, various research companies, such as TABB Group, have been reporting that the OTC market, which big institutional cryptotraders opt for, is at the very least twice bigger than the cryptoexchange market.

Zhao pointed that the OTC market is at least of the same size as the live recorded trading volumes of cryptoexchanges and as such, the real volume of the digital currency market is two times bigger than its volume at the moment. As of November, the daily trading volume of the digital currency market is approximated to be near 11.7 billion US dollars, which is a lot less than at the beginning of this year. Nevertheless, in the event that the OTC market is approximately the same volume as the cryptoexchange market, the actual volume

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