But by 18 December Binance could not keep the leader's position in the rating, sliding down to the fifth place with
daily trading volume falling to $ 2.2 billion.
Not exact matches
Average
daily traded volumes across cryptocurrency exchanges
fell to $ 9.1 billion in March and to $ 7.4 billion in the first half of April, compared with almost $ 17 billion in December, according to data compiled by crypto analysis website CryptoCompare.
However, given Ripple's massive following in the South Korean market and the large
daily trading volumes of XRP on UpBit and Bithumb, two of the country's largest cryptocurrency
trading platforms, it is highly unlikely that the market valuation of Ripple would
fall below $ 40 billion.
With China contributing significantly in
daily trading volumes, the price of Bitcoin
fell below $ 4000.
Currencies with their
daily trading volumes heavily concentrated in the South Korean market such as Qtum, EOS, and Zcash
fell by larger margins.
While digital currency
trading volume has taken off, average
daily trading volume in U.S. stocks
fell in August to its lowest in three years, according to market researcher Tabb Group.