Binance Continues Its Long-Time Standing Once Again In July

The important pack of Binance crypto exchange confirmed is its long-time standing once again in the month of July, showing overall strong results. Just as in June, the leading best crypto exchanges continued to secure their places with the ongoing rivalry between Binance and OKEx continuing throughout last month.

Leading the pack, Binance listed a trading volume of $40.36 billion in July, closely trailed by OKEx with $40.71 billion. No other exchange was able to break down through the $20 billion volume hurdle last month.

Singapore-based Huobi exchange remains to track behind Binance and OKEx in third place with an exchange volume of $20.17 billion. It kept a comfortable distance from its participant Bitfinex which came in fourth place with a monthly volume of $13.72 billion.
This time ZB.COM which is a young Hong-Kong-based Chinese exchange joined the Top five with a registered volume of $11.41 billion.

ZB.COM is definitely a place to keep on your detector. Even though the exchange was established in 2017, it has been able to outshine a lot of its older competitors. The company has recently announced a partnership with QUOINE and BW.com to enhance liquidity through their platforms.

The continuing competition between Binance and OKEx became very close at the end of last month, with OKEx overhauling Binance for the last 2 days of trading in July.

Finance Magnates reported in June that the Huobi exchange confirmed the opening of its new office in London. It has made a formal announcement on the matter, and also specified that Lester Li, as well as Josh Goodbody, will lead Huobi’s operations in the City.

The development comes as cryptocurrency acceptance remains to speed up inside the area. It follows important progress in the London and Europe. It was earlier reported that the purchasing and selling number from the UK already ranks 5th on the planet, making the country its biggest market in Europe.

The post Binance Continues Its Long-Time Standing Once Again In July appeared first on OWLT Market.

from OWLT Market https://ift.tt/2npJknO
via IFTTThttps://ift.tt/2OlCCL9