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Author Topic: Why is Bitstamp down to 14th place for USD volume?  (Read 422 times)
HI-TEC99
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March 26, 2016, 08:40:42 PM
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I was shocked when I noticed Bitstamp has sunk down to 14th place for USD volume. It used to be the top exchange. Why has it sunk so far down in the volume traded through it? I know it was hacked a year ago but I don't think I ever saw it have such low volume as now.
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gentlemand
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March 26, 2016, 09:56:04 PM
 #2

Are you sure you're looking at actual USD exchanges as opposed to alt exchanges using USD as a measurement?

I'm verified on there but there's no way I'll ever use them again because of their bullshit nosiness. There are also properly regulated alternatives in certain jurisdictions and people do love a bit of margin. They really need to up their game.

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March 26, 2016, 10:10:54 PM
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Are you sure you're looking at actual USD exchanges as opposed to alt exchanges using USD as a measurement?

I'm verified on there but there's no way I'll ever use them again because of their bullshit nosiness. There are also properly regulated alternatives in certain jurisdictions and people do love a bit of margin. They really need to up their game.

No, I checked their rank on the coinmarketcap page for Bitcoin volume, but it converts all currencies to USD to facilitate comparisons. Bitstamp moved down to 15th place since I posted the OP, but that includes GBP,
EUR, JPY, and an HKD market. Without those markets Bitstamp's down to 8th place from number one.

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March 26, 2016, 10:14:00 PM
 #4

Those are some surprising results. I didn't realise Bit-x was right up there. And their GBP volume is higher than Bitstamp's USD volume right now. Weird. Exchanges do seem to come back from the dead quite often though. Gemini seems to go from nothing to a few thousand coins quite often.

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March 27, 2016, 06:18:56 AM
 #5

Do you mind sharing the link ? what I'm shocking of is seeing BIt-x on the one of the TOP , I'm pretty sure I saw lately trading volume of like ~180k $ , It doesn't even reach 1 million $

Herbert2020
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March 27, 2016, 07:16:38 AM
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Do you mind sharing the link ? what I'm shocking of is seeing BIt-x on the one of the TOP , I'm pretty sure I saw lately trading volume of like ~180k $ , It doesn't even reach 1 million $

i think it is a screenshot of coinmarketcap the bitcoin section here : http://coinmarketcap.com/currencies/bitcoin/#USD

since the price has been stable at the $410 range the trade volume has gone down, because there is little chance of profiting from changes. and this volume is mostly accumulation IMO.

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March 27, 2016, 01:00:55 PM
 #7

I've looked at it now and BTCBOX from Japan is currently #1. It's official folk, Japan has taken over China in trading volumes.

And yeah, BitStamp is at #15 with 1.07% of trade volume. They really need to step up if they still want in to this game.

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