In the report, Satis breaks down the current distribution of trading volume, noting that the top 20 exchanges, including Binance and OKEx, account for over 75% of total crypto market trading volume.
The study also reveals that only 0.2% of trading activity occurs on decentralized exchanges like 0x and IDEX. Satis estimates that this distribution is largely due to the fact that decentralized exchanges do not allow fiat trading, which allows centralized exchanges to control the majority of market volume share.
For 2018, it is estimated that total cryptocurrency trading volume will be $7.3 trillion, which is roughly 10% of the total found within the U.S. equities market.
Satis notably released a report earlier this month that highlighted the long-term value potential of cryptocurrencies that boast privacy features, as they believe these networks are likely to be the largest beneficiaries of most store-of-value use cases.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.