One of the largest cryptocurrency exchange, Binance has recently experienced a downtrend of 13.64 percent during 24hrs, therefore, lost its first position to OKEx and LBank exchange. According to coinmarketcap, OKEx hits the initial spot of ranking with trading volume of $629,601,566.
- OKEx on the peak with market cap – $629,601,566
- LBank on second largest position with market cap – $619,865,586
- Binance crypto exchange slides on the third position with market cap – $578,463,596
Furthermore, the rally is followed by Huobi exchange, Bit-Z, DigiFinex, CoinBene, ZB.com, Bibox, IDAX, BitMart, and Bitfinex respectively.
Volatility in the crypto market is a two-edged sword and is very common. However, the battle between Binance and OKEx is a common phenomenon for a month – as such, OKEx has first spotted on top position by surpassing Binance exchange on December 09, 2018. Nevertheless, Binance exchange again reclaimed its long-standing position quickly.
It’s quite interesting to note that a few days ago ZB.com crypto exchange appeared on top second position by surpassing Binance and Huobi Exchange and today’s graph shows ZB.Com on the eighth position with the loss of 4.37 percent during 24Hrs. Moreover, it’s interesting to add that ‘LBank which wasn’t on limelight’ has hooked the second largest spot with an upward graph of 25.66 percent, even by overtaking ‘the world’s largest cryptocurrency exchange, Binance.
Very recently, OKEx is on bulletins quite often due to launch of its ‘new derivative market ‘based on Ethereum and EOS. As such, the rising volume of Ethereum this New Year was captured by the largest trading volume arisen from OKEx trading platforms. Moreover, it has recently announced to support upcoming Ethereum Constantinople Hard Fork.
What’s your stake on OKEx and Binance? Will OKEx stick on to its new position or will Binance Exchange again regain it? Share your opinion with us.