Cryptocurrency exchange statistics

Our analysis of this past week’s transactions through exchanges on CoinMarketCap.

What does a week look like in the world of bitcoin?

Just how many transactions did crypto traders make over all 80 exchange providers? We analyse the daily trade value of top digital coins for the week of January 10, 2018, reported by CoinMarketCap, which tracks the cryptocurrency market.

In just one week, the total volume of cryptocurrency exchanged for bitcoin from January 10, 2018, to January 16, 2018, reached US$64.25 billion.

The total volume of bitcoin exchanged for other currencies — both crypto and fiat — was US$40.92 billion.

Total BTC to fiat: US$32.41 billion
Total BTC to crypto: US$8.52 billion

The net exchange volume for bitcoin — exchanges into bitcoin minus exchanges from bitcoin — was US$23.32 billion.

Whereas the total bitcoin exchange volume — both exchanges into bitcoin and exchanges from bitcoin — was US$105.17 billion.

Top 5 cryptocurrencies exchanged for bitcoin

Ethereum (ETH) was the most popular cryptocurrency exchanged into bitcoin (BTC) for the week, with a total US$12.34 billion in transactions. Ripple (XRP) came in at second place, with US$5.04 billion swapped for BTC, followed by TRON (TRX) at US$4.07 billion.

Cryptocurrency	Volume over 7 days (USD)
Ethereum (ETH)	US$12,339,359,070
Ripple (XRP)	US$5,040,155,280
TRON (TRX)	US$4,071,199,720
BitConnect (BCC)	US$3,124,710,470
Bitcoin Cash (BCH)	US$2,359,501,150

Source: finder.com, CoinMarketCap

Top 5 fiat currencies exchanged for bitcoin

The US dollar was the top currency traded for bitcoin last week, representing US$19.68 billion. That’s nearly four times more than the Japanese yet, next in line at US$5.98 billion, and the South Korean won at US$3.12 billion.

Currency	Volume over 7 days (USD)
US dollar	US$19,677,078,660
Japanese yen	US$5,977,180,050
South Korean won	US$3,122,810,220
Euro	US$1,952,708,860
Singapore dollar	US$261,433,700

Source: finder.com, CoinMarketCap

Total volume of exchanges into bitcoin

Wednesday, January 10, 2018, saw the highest volume of currency exchanged into bitcoin: US$11.28 billion. The day with the lowest volume was Monday, January 15, 2018, at US$7.05 billion — some US$4 billion (38%) less than Wednesday’s peak.

Date	Total volume for each day (USD)
January 10	US$11,283,479,890
January 11	US$10,778,899,500
January 12	US$10,130,052,100
January 13	US$8,162,019,800
January 14	US$8,826,837,790
January 15	US$7,050,905,110
January 16	US$8,013,942,150

Source: finder.com, CoinMarketCap

Top 5 bitcoin exchange providers

Binance was the most popular exchange out of those CoinMarketCap monitors, taking in US$24.09 billion in transactions. OKX follows with US$11.17 billion traded for bitcoin last week, with Bittrex in third at US$10.66 billion.

Exchange provider	Volume over 7 days (USD)
Binance	US$24,089,489,930
OKX	US$11,167,279,670
Bittrex	US$10,661,019,360
BitMEX	US$8,113,762,000
Bitfinex	US$7,184,289,130

Source: finder.com, CoinMarketCap

- We’ve estimated all totals based on figures collected daily from CoinMarketCap at 11 p.m. Eastern from January 10, 2018, to January 16, 2018.
- We analysed exchanges on CoinMarketCap only.
- We removed from our analysis any prices or volumes we detected as outliers.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Michelle Hutchison

Michelle Hutchison is chief operating officer at Schebesta Ventures. She's an award-winning public relations pro and advisory board member, and has held multiple roles in Finder including global head of communication and compliance officer for Finder Ventures, and global head of communication for Finder. Michelle started at Finder in 2013 as the Australian head of PR and money expert. With more than a decade of experience in public relations, Michelle was formerly a journalist and editor, and has written for numerous publications including The Guardian, The Sydney Morning Herald, Mamamia and New Idea.

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