Chinese Crypto Exchange ZB.Com Surpasses Binance in Daily Trading Volume
The cryptocurrency exchange ZB.Com has just surpassed Binance as the largest digital currency exchange in the market in terms of trading volume. According to CoinMarketCap, ZB.Com registered a trading volume of $608 million in the last 24 hours, while Binance handled $528 million during the same period of time.
ZB.Com has experienced an increased trading volume in the QTUM/USDT market, accounting for almost 50% of the trading volume at the exchange. The largest trading pairs after the one mentioned above are XRP/BTC and LTC/USDT, accounting for 9.12% and 8.42% of the total trading volume respectively.
In the last 24 hours, the exchange registered a volume increase of 71.09%, becoming in this way, the best performing trading platform among the top 20 exchanges in the market.
Binance, instead, seems to have a better distribution of its trading volume. The largest pairs are BTC/USDT, ETH/USDT and BQX/BTC accounting for 25% of the total trading volume in the platform. In the last 24 hour, Binance experienced a decrease of 16.65% in its trading volume.
There are several individuals that believe that the exchange is manipulating the volume that it has to attract more users and rank better in CoinMarketCap. While most of the exchanges have a falling trading volume during the last few hours, this exchange has grown by more than 70%.
Looks like a ton of market manipulation by https://t.co/stbJuH65Es tanking most digital assets and trying to pump tron. The Chinese are dump and pumping last night
— TheFist (@TheFist18) January 10, 2019
At the time of writing this article, the most important digital assets in the market are experiencing moderated losses in the last 24 hours. Among the top ten, virtual currencies are losing between 0.77% and 3.56%. These digital assets are Bitcoin (BTC) and Tron (TRX) respectively.
Meanwhile, Ethereum (ETH) is reportedly losing 2.03% and XRP 1.77%. Litecoin (LTC) is falling 0.94%, the best performing asset after Bitcoin among the top 10. Bitcoin Cash (BCH) and EOS are falling 2.57% and 2.65% respectively. Stellar Lumens (XLM) is also losing 1.84% of its value.
Bitcoin is currently being traded around $3,640 and it has a market capitalization of $63.67 billion.