OKEx is the leader in the number of large transactions – research
The largest site for institutional turned out to be LMAX Digital.
Most bitcoin-whales seem to be trading on OKEx.
Large cryptocurrency owners often choose to get rid of assets outside the exchanges so as not to affect the price.
In the next couple of years, market cryptocurrency exchanges everything more clearly form platforms for the status of traders, according to Kaiko.
Institutional-grade analytical crypto resource Kaiko has published the results of a study of trading activity on cryptocurrency exchanges.
Despite the fact that the identity of traders based on public records of orders for exchanges it is impossible to find out, in Kaiko they designated “whales” to separate traders, which trade from 10 BTC and “retail” traders trading in smaller volumes.
The sample included spot orders on 11 exchanges in the following pairs: BTC-USDT on Binance, BTC-USDT on Huobi, BTC-USD on Bitstamp, BTC-USD on Coinbase, BTC-USD on Bitfinex, BTC-USD on Kraken, BTC-JPY on Liquid, BTC-USDT on OKEx, BTC-JPY on Bitflyer, BTC-USD on LMAX Digital and BTC-USD on Gemini.
Institutionals are already here
When this LMAX Digital holds the record for average trade size, with the highest average trade size of 0.66968 BTC.
Cryptocurrency exchanges Binance, Huobi, Liquid, and Bitfinex turned out to be targeted more to retail customers, and had more low average trading volumes of 0.099 BTC, 0.065 BTC, 0.012 BTC and 0.048 BTC, respectively.
Bypassing the market
Kaiko predicts further consolidation in the coming some years old, but, as claims chapter for business development in Kaiko Clara Medals, exchanges should differentiate according to the type target trader and available trading functions, in addition to secondary factors.
What do you think? Share with us with our thoughts in comments and join to discussions in our Telegram channel.
All information, contained in our website, published in good faith and objectivity, and exclusively with familiarization aim. Reader yourself bears full responsibility per any action, committed by him on the basis of information, obtained from our website.