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The cryptocurrency exchanges recorded a significant increase in trading volumes towards the end of 2018, according to a recent research report.
Both the number of exchanges and the overall volume of trade have increased considerably (compared to the levels of 2017) of the major exchanges of crypto-assists during the last year, revealed the research report of Diar.
The Diar research team predicted that spot markets in 2019 will not see the commercial activity they recorded in 2017. Despite a likely increase in the number of digital resources available for trading worldwide.
Total trade volume in USD markets on the San Francisco cryptocurrency exchange Coinbase has increased by around 21% in 2018 (as of 2017), according to Diar's research data. The market data also show that the US-based cryptography platform, Kraken and Hong Kong, operated by Bitfinex, recorded increases of 192% and 50% in the volume of trade, respectively, in 2018 (compared to 2017).
94.4 million transactions facilitated by Coinbase in 2018
Significantly, Coinbase recorded a 14.1% increase in the total number of trades in 2018 (compared to 2017). In 2018, the largest stock exchange based in the United States handled about 94.4 million transactions, while facilitating 82.7 million exchanges in 2017. In addition to the analysis of last year's cryptocurrency data, the Diar's research has examined bitcoin mining (BTC) since 2018.
The Diar report found that the extraction of BTC generated over $ 5.8 billion in revenue in 2018. However, the data seems to show that the bitcoin miners have gained much more in the early months of the past year. , when the prices of cryptocurrencies were close to their historical highs. In particular, BTC miners earned $ 1.2 billion in revenue last January, generating only $ 200 million in December 2018.
The maker of GIant encryption equipment, the Bitmain mining pools and other large pools such as ViaBTC (supported by Bitmain) had controlled over 53% of the hahrate of the Bitcoin network in 2018, according to Diar researchers. However, the research report found that the same pools now account for only 39% of the Bitcoin ishrate.
Significantly more "Unknown Miners" contributing to the Bitcoin Hashrate
Diar's research also shows that a larger number of relatively smaller mining pools are now involved in bitcoin mining. If this trend continues, it could help improve the security of the Bitcoin network as the hashrate would not be controlled by a few dominant pools.
Diar's report on the mining activity of BTC concluded:
Unknown miners ended December, after resolving 22 percent of total blocks from 6 percent at the beginning of last year. The Bitcoin network is currently less likely to suffer an attack as the pools controlled by BTC.com have lost their domain on the network.
In December 2018, Diar's newsletter reported that institutional investors had increased their participation in over-the-counter (OTC) "physical" "high-liquid" BTC "physical markets. During 2018, Coinbase recorded a 20% increase in the total bitcoin exchange volume during its OTC trading hours.
