In accordance with “South Korean Alternate Market Assessment,” a report revealed by Blockchain Transparency Institute (BTI) on August 20th, Bithumb was ranked the primary in Korea this 12 months when it comes to crypto buying and selling quantity.
This report signifies that, amongst cryptocurrency exchanges in Korea, Bithumb, UPbit, and Coinone are included within the BTI world high 10, and Bithumb ranks third on the earth and first in Korea based mostly on the every day buying and selling quantity. It additionally reveals that greater than 90% of the buying and selling by means of the three massive crypto exchanges is being made transparently.
BTI evaluated that Korea’s cryptocurrency market is clear throughout the board. It additionally talked about that korbit and GOPAX are clear though the every day common buying and selling quantity is comparatively smaller at USD 20 million or much less.
BTI detects irregular buying and selling and cross buying and selling utilizing the BTI Verified Service, a buying and selling quantity evaluation program. Cryptocurrency exchanges the world over together with Bithumb and BitForex are utilizing this service that screens their reliability.
Since August 2018, BTI has been publishing a world alternate rating and market report by measuring buying and selling volumes on the premise of its inside knowledge evaluation with a view to enhance the transparency and reliability of the blockchain and cryptocurrency market.