Binance remain at the top of the Ratings for “real trading volume”

Messari published a list of the Top 10 exchanges with the “Real volume”. Only three of these providers are newly listed.

Huobi, OKEx, and Upbit find on the exchanges-list of the crypto-research company Messari, claiming to be “real volume” to provide.

The exchanges, which were not represented in a previously published Bitwise-report, listed 10 stock exchanges with “real volume”.

Messari “Real Volume” metric was developed according to the company, especially for a so-called new “Ranking method”. The new Version has ten new exchanges were added.

Bitwise was brought in may 2019 out that about 95 % of the reported BTC trading volume “” was a fake.

In a Bitwise-request for approval of a Cryptocurrency Exchange Traded Fund (ETF), the US regulatory United States Security Exchange Commission (SEC), the company came to the conclusion that ten stock exchanges were to 100% real trading volumes ready.

As one of the Top 10 of the Bitwise-report lists the platforms, Binance, Bitfinex, Bitflyer, Bitstamp, Bittrex, Coinbase Pro, Gemini, itBit, Kraken, and Poloniex.

By the new methodology of the research company Messari is now also the service provider Huobi, OKEx, Upbit, Liquid and Bithumb in the summary.

According to Messari the Bitwise metric was a novelty, which, however, “omitted some of the largest markets in the crypto-world”.

Messari-CEO Ryan Selkis is of the opinion that the metric may have missed some portals, with “a bit” overvalued volumes”. At the same time, some providers are not showed up “with legitimate trade volume”. Here is the head of the company called the Korean provider Bithump, UpBit, as well as CoinOne; also Liquid from Japan, and – especially important – “China’s stock exchanges, Huobi, OKEx/KCoin and Gate.io, based in China“.

Even if the platform Korea has taken a niche and Chinese stock exchanges, it has made a “50% cut”. This would mean that platforms would have to estimate their “true trade volumes better in the future”.

 

New Metric

 

Messaris new methodology uses ten statistics from third-party to control the “legitimacy of the trading volumes”.

Part of the new metric criteria, such as Rankings, Ratings, or estimates to the liquidity of the exchanges, according to Selkis, as they are made from the analysis page as CoinGecko, CoinMarketCap, crypto compare and crypto watch (octopus) Nomics available.

It is also the volume of data of the data volume on the part of FTX,On-Chain transaction data from the provider Chainalysis, as well as “anecdotes data” of current Top account retailers on the market.

The data, according to a Global Player Binance leads the list as usual. And in a Moment, by in the crypto Community for some resentment due to the CoinMarketCap-decision for the use of all Web traffic for the Ranking of the crypto exchanges on the platform.

In three-month intervals Messari want to draw your own methodology tests. Individual analysis can be exchanged, parameters, or removed. Regular optimizations of the parameters for the adjustment of the volumes are planned.