Lets take a look at the trading volume across the top bitcoin exchanges.
Bitfinex leads the way, followed by Bitflyer, Bitstamp, Coinbase, Geimni, Hitbtc, Itbit and Kraken. Volume distribution amongst exchanges hasn’t changed much over the past 30 days compared to the past 6 months with most exchanges maintaining their rank. We have seen overall bitcoin volume drop dramatically over the same time period beginning to decline in February and seemingly finding a floor over the past couple months.
Great graphic from Howmuch.net showing the top crypto exchanges in terms of revenue.
Talk about printing money. Forget shitcoin trading, investing in an exchange was the best move to make during this cryptocurrency craze. Binance, only one year after its launch, is generating $3.5 million in revenue…PER DAY!!! Not sure you could even print money that fast. Coming in second is Korean exchange UPbit with $3.42 million per day. Rounding out the top 5 are Huobi, Bittrex (yup, even with all the declining volume) and Bithumb. And last but not least, Poloniex with $0.07 million per day. Things sure do change fast in the cryptosphere. A year ago Poloniex was top dog, dominating altcoin trading, and not 12 months later has fallen 20 spots.