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'
- 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 Gate.io
- The Block legitimate volume peaked in June with $124.2 billion and has since fallen by about 60% to $49.5 billion.