Crypto Exchange Market – November 29 Daily Report
Today the top 15 Crypto Exchanges by adjusted volume in last 24 hours are:
Only Fatbtc has a positive volume in the last 24 hours.
All other exchanges show a drop in trading volume in the last 24 hours.
If we still look at the Coin360 map, there is also a drop in the last 24 hours of exchange transactions with the highest market share.
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What are Crypto Exchanges?
Cryptocurrency exchanges are online platforms in which you can exchange one kind of digital asset for another based on the market value of the given assets. The most popular exchanges are currently Binance and GDAX. It is important not to confuse cryptocurrency exchanges for cryptocurrency wallets or wallet brokerages. Cryptocurrency wallets and wallet brokerages generally allow you to buy and sell a small range of popular digital assets (Bitcoin and Ethereum), which you can then send to a different exchange to trade for other digital assets like altcoins. This statement is not entirely exclusive though; most cryptocurrency exchanges will usually limit their users to only trade digital assets for digital assets, but a few allow trades of fiat currencies such as U.S. Dollars for cryptocurrencies. An example of such an exchange is Kraken, which currently accepts funds in the form of USD, JPY, CAD, and GBP, and supports trades with Monero, Ripple, and Litecoin as well as Bitcoin and Ethereum.