Crypto.com is expected to outperform key competitors like KuCoin and Kraken by surpassing its spot trading volume of 31.9 billion on December 23—a 19-month record.
With little more than 3% of the worldwide spot market, Crypto.com has risen from position 11 to the 9th position in terms of spot volume. To put things in perspective, UpBit, the 2nd largest exchange, has more than 8% of the global spot volume.
With flash collapses, quick recoveries, and protracted consolidation following the SEC’s early January approval of an ETF, the market is still extremely volatile. By achieving 28.28 billion in volume (excluding derivatives) for the month of January thus far, Crypto.com has taken advantage of this opportunity.
Crypto.com(CRO) pros & cons with related info are in the collapsed comments below.
@Penny
This comment needs a real response, admin should step in
Thane said:
The top 10 centralized exchanges by spot volume are:
- Binance
- UpBit
- OKX
- ByBit
- Coinbase
- Bithumb
- Huobi
- Gate.io
- Crypto.com
- KuCoin
No chance ByBit, OKX, and UpBit would be top 5 if wash trading was not a problem.
@Ocean
Upbit is huge in Korea. Check out the Korea premium. Coins often trade for 10-20% more on Upbit.
Jedise said:
@Ocean
Upbit is huge in Korea. Check out the Korea premium. Coins often trade for 10-20% more on Upbit.
Why isn’t that being arbitraged?
Jedise said:
@Ocean
Upbit is huge in Korea. Check out the Korea premium. Coins often trade for 10-20% more on Upbit.
Why isn’t that being arbitraged?
It probably has to do with KYC or Korean laws.
@Jedise
That’s likely. Their regulations are very strict. Foreign exchanges find it hard to enter, which keeps UPbit’s monopoly on the Korean market.
Jedise said:
@Ocean
Upbit is huge in Korea. Check out the Korea premium. Coins often trade for 10-20% more on Upbit.
Why isn’t that being arbitraged?
Getting money out of Korea is tough because of capital controls.
Jedise said:
@Ocean
Upbit is huge in Korea. Check out the Korea premium. Coins often trade for 10-20% more on Upbit.
Some folks call it the kimchi premium but you’re spot on. UPbit is massive in Korea.
Thane said:
The top 10 centralized exchanges by spot volume are:
- Binance
- UpBit
- OKX
- ByBit
- Coinbase
- Bithumb
- Huobi
- Gate.io
- Crypto.com
- KuCoin
I’ve never tried crypto.com, but the name is cool. Most of the top 10 exchanges have crummy names. crypto.com is awesome, binance is smart, coinbase is relevant, the rest sound like random side effects or nonsense.
@Arthur
Yeah, “crypto.com” is quite an original name.
Clair said:
@Arthur
Yeah, “crypto.com” is quite an original name.
“Creative” names are for those who can’t get a better one.
Thane said:
The top 10 centralized exchanges by spot volume are:
- Binance
- UpBit
- OKX
- ByBit
- Coinbase
- Bithumb
- Huobi
- Gate.io
- Crypto.com
- KuCoin
Here’s a list with wash trading percentages for BTC, ETH, LTC, and XRP:
- Binance (50%)
- UpBit (not tested in report)
- OKX (66%)
- ByBit (not tested in report)
- Coinbase (0%)
- Bithumb (not tested in report)
- Huobi (89%)
- Gate.io (25%)
- Crypto.com (not tested in report)
- KuCoin (74%)
Ranking crypto exchanges by spot volume isn’t a good idea since many fake their volume a lot.
That’s great news for Crypto.com
Oak said:
That’s great news for Crypto.com
I expect the CRO coin to go up or down or maybe just stay the same as a response.
I miss the times when I could live off the BTC interest from CDC.
Aydin said:
I miss the times when I could live off the BTC interest from CDC.
I wasn’t in crypto then, I think. I only showed up in 21. But it sounds like a good time!
Aydin said:
I miss the times when I could live off the BTC interest from CDC.
Nexo?
Thane said:
Source: The Block https://www.theblock.co/data/crypto-markets/spot/cryptocurrency-exchange-volume-monthly
An original poster who shares information clearly and even gives the source. You are a rare find here.