Major crypto exchanges see 30% leap in trading volume in Q1, 2019

The crypto market has bounced back. Prices have been building up steadily this month with Bitcoin leading the way—on its journey back to having a $100 billion market cap. And in turn, trading volumes have returned as traders look to make a quick buck on the rising fortunes.

A report—obtained by Decrypt —by independent crypto analyst TokenInsight—which has investment from venture capitalist Tim Draper—reveals that trading volume on three major crypto exchanges rose by 30 percent in Q1, this year.

Independent crypto analyst TokenInsight says that trading volume on three major crypto exchanges rose by 30 percent in Q1, according to a new report provided to Decrypt . This matches similar movement in the Bitcoin over-the-counter market (where large institutions trade Bitcoin) which rose significantly this quarter, according to Binance CFO Wei Zhou.

While trading volumes are not the most reliable source of information—as Decrypt reported recently—the overall picture seems to show renewed growth in the crypto market.

According to the report by the Palo Alto-based firm: “The trading volume of Binance, OKEx and Huobi Global increased by more than 30%, while Coinbase Pro, Bitfinex and other exchanges did not change significantly from January to March.”

What tokens have been leading the charge?

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