Home / Crypto Currency / 6 Exchanges With Few Available Trading Markets

6 Exchanges With Few Available Trading Markets

In the world of cryptocurrency trading, exchanges are the go-to solution to buy and sell assets. Not all exchanges operate on the same level, as can be seen from the number of trading pairs these companies provide. The following six exchanges have relatively few trading pairs, although that doesn’t mean them less popular per se.

#6 Coinbase Pro

People familiar with Coinbase’s ventures will not be surprised the recently introduced Coinbase Pro platform does not offer dozens of trading pairs. At this time, the company primarily focuses on BTC, ETH, LTC, BCH, and ETC. These are all paired with either USD, EUR, GBP, or BTC pairs. With a total of 15 markets, the exchange still generates roughly $60m on a “normal” day.

#5 Coinnest

Despite offering a lot of trading pairs linked to the Korean Won, Coinnest is not capable of generating a lot of overall volume. A very limited number of trades occur, primarily because the company only offers 18 different pairs. Bitcoin, Ethereum, and Bitcoin Cash are its most popular markets right now. A combined volume of $25,000 per 24 hours isn’t exactly impressive, though.

#4 Bxinth

Although this Thai exchange is not exactly popular outside of its native country, the platform offers 20 different trading markets to its clients. This results in a daily volume between $1.5m and $2m, which isn’t terrible by any means. Its most prominent trading pair is the BTC/TBH pair, as fiat currency gateways will always be popular when it comes to major cryptocurrencies.

#3 Kuna

The Kuna exchange is not necessarily a big player in the world of cryptocurrency just yet, but things continue to improve on a regular basis. Its 22 trading pairs generate just $245,00 worth of volume a day, but that is not entirely abnormal at this particular stage. Its main pairs include Bitcoin, REM, and Ethereum.

#2 Zaif

Everyone who keeps tabs on the Japanese cryptocurrency industry will know the name Zaif by now. It is one of the country’s most prominent exchanges, even though it has also fallen victim to a hack not that long ago. Zaif notes a daily volume between $10m and $15m, courtesy of its 24 different trading markets. The BTC/JPY pair usually gets the most attention, for rather obvious reasons.

#1 Wex

The rebranded BTC-E exchange will remain a somewhat controversial platform for some time to come. With its 24 trading pairs, the platform fails to generate a volume that comes even close to a quarter of a million per day. That situation may turn around in the future, but for now, the company is still being scrutinized by a lot of cryptocurrency enthusiasts first and foremost.

Read more

Check Also

Crypto Trade Volume Doubles Overnight, Have The Bears Run Out Of Steam?

After a seemingly endless cycle of non-action, the crypto market finally saw a spark of life on Monday, as fears of a Tether ‘bank run’ hit newfound highs, while confusion strong-handed investors into making moves. In the span of just a few hours, exchanges recorded billions of dollars volume, quickly pushing this market off its year-to-date lows from a volume standpoint. Crypto Trading Volumes Surge To 1 Month High As reported by NewsBTC previously, crypto investors were in for a treat in the wee hours of Monday morning, as digital assets saw an unexpected influx (and a large one at that) of buying pressure, pushing Bitcoin above $7,000 for the first time in months. Following some quick internet sleuthing, many traders determined that Bitcoin’s strong surge to the upside could be boiled down to a single factor. This factor, of course, as widely reported, was the fears of Bitfinex’s insolvency spreading like wildfire through this market, resulting in a capital flight of cryptocurrencies from Bitfinex to other leading crypto exchanges. At one point, the now-infamous ‘Bitfinex premium’ somehow surpassed $1,000, as Bitcoin surged above $7,600 due to thin order books on the aforementioned exchange. On the other hand, on well-regulated platforms like Gemini and Coinbase, which offer insurance for their client’s crypto holdings, Bitcoin only traded at a relatively measly $6,600, which was the “true” price of the digital asset. Bitfinex Premium $1000+ pic.twitter.com/bf9vWCSRCg — Bitfinex'ed (@Bitfinexed) October 15, 2018 Volumes on Bitfinex quickly surged, as users rushed to liquidate their U.S. credit for crypto assets to subsequently withdraw their holdings to a wallet of someone or some organization they could trust. Due to the well-read belief that Tether goes hand-in-hand with Bitfinex, traders also rushed to sell their USDT holdings, as many claimed that the Tether Foundation didn’t have the reserves to back all issued stablecoins. At one point, Tether tokens fell under $0.91 on Kraken, alluding to the fact that a copious amount of USDT had just been dumped by a multitude of wary traders. The rise of Bitfinex’s insolvency rumors, coupled with growing fears about the legitimacy of Tether, happened to manufacture a perfect storm, so to speak, resulting in a period of market uncertainty, confusion, and even panic in some fringe cases. And although the collective value of all crypto assets saw a $20 billion bump, many investors claimed that this obviously wasn’t the breakout that bulls have been clamoring for. Still, what went under the radar of many investors is that volumes saw an unprecedented surge in correlation with thousands of traders choosing to sell their USDT and withdraw their funds from Bitfinex, which was a sign some analysts have been waiting for. Preceding this move, which saw nearly every single crypto asset move well into the green, NewsBTC’s very own Joseph Young, claimed that while nearly every important indicator is calling for growth, volume was still mysteriously absent. Bitcoin and crypto market waiting for 1 thing 1. Final shakeout 2. Positive developments (Bakkt, Custody, Banks) 3. Months of stability Bitcoin at $6,200 ~ $6,800 range since August 9 4. Lower highs since January bottoming out with record low volatility 5. Volume — Joseph Young (@iamjosephyoung) October 15, 2018 But now, with Bitcoin volumes doubling from $3 billion to a monthly high at $7 billion, per data compiled by CoinMarketCap, Joseph added that the prospects of this market are starting to look “great,” likely indicating that he saw this surge of volume as something to keep watching. The volume of Bitcoin has more than doubled in the last 24 hours. $2 billion to $5.64 billion on CoinCap$3 billion to $7 billion on Coinmarketcap Real price of BTC is around $6,400 (fiat exchanges). $6,150 to $6,400 with solid increase in volume is great. — Joseph Young (@iamjosephyoung) October 15, 2018 It wasn’t only Bitcoin that saw its volume return, as cryptocurrencies across the board all saw their time in the sunlight in the past 24 hours. To attest to this fact, per data compiled by CoinMarketCap, the total volume seen by crypto rose from $9 billion on Sunday to $22 billion, where this figure has held for the past few hours. Chart Courtesy of CoinMarketCap Assuming that volume has returned and that it’s here to stay, technicians will continue to eye Bitcoin’s $6,800 price level, which has long been a level of heavy resistance for the leading crypto asset. Fundstrat’s Robert Sluymer, for one, recently claimed that while now isn’t the time to increase your exposure to Bitcoin, a convincing move above “September’s real and relative highs,” which are both situated around the $6,800 level, may indicate that this market is finally undergoing a trend reversal. Keeping in mind that the arrival of substantial amounts of trading volume is often the gun that sets off the race, so to speak, many are starting to believe that a bull run could be in this market’s grasp. Featured Image from Shutterstock The post Crypto Trade Volume Doubles Overnight, Have The Bears Run Out Of Steam? appeared first on NewsBTC.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Disclaimer: Trading in bitcoins or other digital currencies carries a high level of risk and can result in the total loss of the invested capital. theonlinetech.org does not provide investment advice, but only reflects its own opinion. Please ensure that if you trade or invest in bitcoins or other digital currencies (for example, investing in cloud mining services) you fully understand the risks involved! Please also note that some external links are affiliate links.