



LongHash recently looked at the number of visitors interacting with leading cryptocurrency exchanges. Now, it’s time to consider how much money the average exchange visitor is actually moving around.







To get an idea, we looked at the Blockchain Transparency Institute’s findings from December 2018.

Bitfinex, Kraken, and UPbit had the highest volume per user





Of the 48 exchanges listed, BlockchainTransparency.org shows five exchanges where the average user accounted for an estimated $2,000 USD in transactions each. They are: Bitfinex, Upbit, Kraken, Bitstamp, and Gemini.





The average volume per Bitfinex user was $2,841 — the highest of any exchange on the list. The exchange had a average of 84,666 active daily users and an average 24-hour volume that was just shy of $401 million in December.

In the top ten, Coinbase had the lowest volume per visitor





Looking at the top ten cryptocurrency exchanges listed for December, Coinbase’s volume per visitor was the lowest at $371 USD. The site estimated that Coinbase had 323,409 daily active users and a 24-hour volume of nearly $159.8 million.





While these findings show that Bitfinex, Upbit, Kraken, Bitstamp, and Gemini had a higher volume per visitor than Coinbase, Coinbase actually had more total active users than all five put together (323,409 vs. 209,169).





Further, Coinbase had more users than any of the 48 exchanges listed other than Binance, which had an estimated 361,458 active users. Overall, Binance’s exchange volume was 700% greater than Coinbase’s exchange volume in December, at around $16.9 billion USD.







