Analysis: Binance Tops July Crypto Exchanges Rankings, ZB.com Joins Top 5

Just as in June, the leading four crypto exchanges continue to defend their places with the ongoing rivalry between Binance and OKEx also continuing throughout last month.

Leading the pack, Binance registered a trading volume of $38.36 billion in July, closely followed by OKEx with $34.71 billion. No other Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term was able to break through the $30 billion volume barrier last month.

Singapore-based Huobi exchange continues to trail behind Binance and OKEx in third place with a trading volume of $22.17 billion. It did, however, manage to keep a comfortable distance from its competitor Bitfinex. It came in fourth place with a monthly volume of $13.72 billion.

The only change among the Top 5 crypto exchanges was in the last position. This time, a young Hong-Kong-based Chinese exchange by the name of ZB.COM joined the Top 5 with a registered volume of $11.41 billion.

ZB.COM is certainly a venue to keep on your radar. Even though the exchange only opened in 2017, it has been able to surpass many of its older competitors. As was reported by Finance Magnates over a month ago, ZB.com recently announced a partnership with QUOINE and BW.com to increase Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term throughout their platforms.

Huobi closes in on two leading crypto exchanges, but not close enough

The ongoing rivalry between Binance and OKEx became very close at the end of last month, with OKEx overtaking Binance for the last two days of trading in July.

Huobi was also able to use the final days of the month to its advantage. It significantly narrowed the gap to its two leading competitors. It will be interesting to see if August will bring us more drama in the rivalry of the Top 3 crypto exchanges.

Finance Magnates reported in June that the Huobi exchange confirmed the opening of its office in London. The Singapore-based exchange has made an official statement on the matter. It also stated that Lester Li and Josh Goodbody would lead Huobi's operations in the City.

The expansion comes as cryptocurrency adoption continues to accelerate in the region. It follows meaningful growth in the United Kingdom and Europe. The crypto exchange reported previously that the trading volume from the UK already ranks fifth in the world, making the country its largest market in Europe.

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