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%.

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.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide