December 18, 2019, 11:51AM EST
• 3 min read

Introducing The Block legitimate volume index, an extension of regional exchanges on top of 'Bitwise 10'

Quick Take

  • According to The Block’s findings, 14 lesser-known exchanges on top of ‘Bitwise 10’ appear to have legitimate, non-negligible volume
  • The Block legitimate volume is a group of 24 exchanges vetted by The Block: LMAX Digital, Bitbank, Coincheck, Zaif and others
  • The Block also believes that, despite suspected faking, there is a significant real volume on  Huobi, OKEx, Bithumb, Upbit, KuCoin, Coinfloor, Liquid and
  • The Block legitimate volume peaked in June with $124.2 billion and has since fallen by about 60% to $49.5 billion.

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here