Bitcoin Forum

Why bittrex Volume decrease rapidly last night i saw bittrex have a volume of 13k btc but now it have 6k btc volume?
I know bittrex is old exchange but my point is why volume of Bittrex Exchange is lower then Bit-z Exchange
i have a bad feeling for Bittrex Now What you think ?

Bittrex is sort of having the same issues as poloniex.

They used to be two of the biggest exchanges in terms of volume, but now they are overall just mediocre. I think the primary reason is that Bittrex got rid of the legacy account and forced people to verify, which meant that small time traders who previously was able to trade anonymously without any sort of limitations most likely abandoned the platform altogether, since it's not convenient anymore.

Secondly, their support was really bad at one stage and a lot of people weren't able to get their tickets resolved in a satisfactory amount of time, which led to their reputation slip. Bittrex's presence in social media has also just not been there compared to newer exchanges like Binance. They also don't have newer coins listed on their exchange.

It's not necessarily anything bad, since they're still a regulated exchange. It's just that they are not as popular anymore.

I'm going to risk saying this: it's probably because people did not like the new site designer changes they made, now to do a simple task has become very difficult and very complicated, you probably must have realized that this change in the designer is not good and is only creating headaches. on the same day they implemented such a change I read on twitter them many comments from people complaining and threatening to leave the exchange if they did not put the old designer back. so they are losing customers

It's probably one of the contributing factors, but it's most likely not the main thing. I actually kind of like the new design in contrast to the old design, mainly because the theme is a bit darker.

Bittrex volumes have been tanking because they are simply not the only option out there for newbies looking for an exchange anymore. In fact, small volume traders can't even trade now without submitting verification, which is a pain in the arse. That's also why you see exchanges like Binance emerge due to their policy that allows for anonymous accounts to be kept.

Also, I think that their support wasn't very responsive last year, along with lots of issues probably due to the high volumes and that caused people to leave the platform. Overall I feel like Bittrex users have just been moving to other exchanges, because no longer is bittrex something that you need to use.