Many new exchangers now, and competition will happen.
kucoin has an expensive fee, maybe this is one reason traders choose another exchange.
Topic: Why Kucoin's trading volume is very low? - page 2. (Read 314 times)
Kucoin has earned a good reputation as a crytpocurrency exchange. But its trading volume is very low. What is the main reasons behind it. Though it is a new exchange, ETH/BTC 24h volume is 2.2 m where HitBTC volume is BTC/USDT 68m and ETH/BTC 27m.
Obviously not many traders are using Kucoin, as per coinmarketcap: (Per 24 Hour Trading Volume)
7. HitBTC
38. Kucoin
Hitbtc is among the top 10 exchanges around, although if you are going to look around the forum there are a lot of scam accusations against them. Just like you said Kucoin is fairly new, maybe it still hasn't gain the trust as of now that's why not much trading is going around on their exchanges.
Kucoin is one of the best new exchanges and is moving up the ranks quite quickly. Just a few months ago it was around 45 and now you can see it has moved up to 38. I think it will go into the top 20 this year, lots of good coins and a reliable safe exchange to trade coins in.
Anything is possible that it would hit up on those ranking but it will still depend on how they would perform or giving out such good service among traders.I wonder!! some say hitbtc is a scam! how it comes into top ten!
Kucoin is one of the best new exchanges and is moving up the ranks quite quickly. Just a few months ago it was around 45 and now you can see it has moved up to 38. I think it will go into the top 20 this year, lots of good coins and a reliable safe exchange to trade coins in.
I am also satisfied with its service. I hope so, at 20.
If you're looking at volume in terms of US dollars, then of course the volume crashed due to the fact that the prices of all the coins crashed (meaning that they're going to look like they have less volume in USD) If you compare this to the amounts of bitcoin they have volume in, it's not much of an issue at all -- check out this reddit thread for more in-depth explanations on the topic (https://www.reddit.com/r/kucoin/comments/7rp089/volume_on_kucoin_what_happened/)
Thank you
Kucoin has earned a good reputation as a crytpocurrency exchange. But its trading volume is very low. What is the main reasons behind it. Though it is a new exchange, ETH/BTC 24h volume is 2.2 m where HitBTC volume is BTC/USDT 68m and ETH/BTC 27m.
Obviously not many traders are using Kucoin, as per coinmarketcap: (Per 24 Hour Trading Volume)
7. HitBTC
38. Kucoin
Hitbtc is among the top 10 exchanges around, although if you are going to look around the forum there are a lot of scam accusations against them. Just like you said Kucoin is fairly new, maybe it still hasn't gain the trust as of now that's why not much trading is going around on their exchanges.
Thank you. Though Hitbtc at 7. but not convenient. So much dust left for every token.
I think while there is binance, those exchanges have no chance except decentralized ones because they don't bring many differences but decentralized exchanges especially oax can gain dominance.
Binance already set the bar high, superb support, quick actions against potential threat that's why they are number 1 right now. So its up to other exchanges to catch up.
Kucoin is one of the best new exchanges and is moving up the ranks quite quickly. Just a few months ago it was around 45 and now you can see it has moved up to 38. I think it will go into the top 20 this year, lots of good coins and a reliable safe exchange to trade coins in.
If that is the case then good for them. It's a sign that they are gaining the trust of the traders but it will take some time to have trading volumes increases. As others have said, it's not a overnight process. Although I have one bad experience against them, but I think its a isolated case.
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It isn't low though, it has gone lower over the past couple of months though. I remember Kucoin being a top 25 exchange earlier this year only, perhaps this is an anomaly then.
Almost every country's traders know well about hitbtc. Because it is a well known, old exchange than Kucoin. No one ever thought that Binance will be the first exchange by volume in a couple years, it was a revolutionary gain. And everybody accepts it. But Kucoin is a growing exchange, whoever traded here, he will come again, but not many people know about it. Buy day by day, the kucoin volume will be high like Binance because everyone has seen a new binance in kucoin exchange.
Kucoin is one of the best new exchanges and is moving up the ranks quite quickly. Just a few months ago it was around 45 and now you can see it has moved up to 38. I think it will go into the top 20 this year, lots of good coins and a reliable safe exchange to trade coins in.
New exchanges will not gain reputation easily especially when there's a lot of exchanges offering the same service. Kucoin is one of the best exchange today and yeah time can tell and this exchange can be a big thing. The volume maybe low today, I believe many investors will come in and kucoin is one their choices to use in trading with cryptos.
I think while there is binance, those exchanges have no chance except decentralized ones because they don't bring many differences but decentralized exchanges especially oax can gain dominance.
Kucoin has earned a good reputation as a crytpocurrency exchange. But its trading volume is very low. What is the main reasons behind it. Though it is a new exchange, ETH/BTC 24h volume is 2.2 m where HitBTC volume is BTC/USDT 68m and ETH/BTC 27m.
Obviously not many traders are using Kucoin, as per coinmarketcap: (Per 24 Hour Trading Volume)
7. HitBTC
38. Kucoin
Hitbtc is among the top 10 exchanges around, although if you are going to look around the forum there are a lot of scam accusations against them. Just like you said Kucoin is fairly new, maybe it still hasn't gain the trust as of now that's why not much trading is going around on their exchanges.
Kucoin is one of the best new exchanges and is moving up the ranks quite quickly. Just a few months ago it was around 45 and now you can see it has moved up to 38. I think it will go into the top 20 this year, lots of good coins and a reliable safe exchange to trade coins in.
Anything is possible that it would hit up on those ranking but it will still depend on how they would perform or giving out such good service among traders.
Kucoin is one of the best new exchanges and is moving up the ranks quite quickly. Just a few months ago it was around 45 and now you can see it has moved up to 38. I think it will go into the top 20 this year, lots of good coins and a reliable safe exchange to trade coins in.
If you're looking at volume in terms of US dollars, then of course the volume crashed due to the fact that the prices of all the coins crashed (meaning that they're going to look like they have less volume in USD) If you compare this to the amounts of bitcoin they have volume in, it's not much of an issue at all -- check out this reddit thread for more in-depth explanations on the topic (https://www.reddit.com/r/kucoin/comments/7rp089/volume_on_kucoin_what_happened/)
Kucoin has earned a good reputation as a crytpocurrency exchange. But its trading volume is very low. What is the main reasons behind it. Though it is a new exchange, ETH/BTC 24h volume is 2.2 m where HitBTC volume is BTC/USDT 68m and ETH/BTC 27m.
Obviously not many traders are using Kucoin, as per coinmarketcap: (Per 24 Hour Trading Volume)
7. HitBTC
38. Kucoin
Hitbtc is among the top 10 exchanges around, although if you are going to look around the forum there are a lot of scam accusations against them. Just like you said Kucoin is fairly new, maybe it still hasn't gain the trust as of now that's why not much trading is going around on their exchanges.
Kucoin has earned a good reputation as a crytpocurrency exchange. But its trading volume is very low. What is the main reasons behind it. Though it is a new exchange, ETH/BTC 24h volume is 2.2 m where HitBTC volume is BTC/USDT 68m and ETH/BTC 27m.
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