New Cryptocurrency Exchange Volume Chart Shows ZB.com Ousts Binance for Top Activity Spot

In a recent report released by CryptoCompare, Huobi, Binance, and Bitfinex have experienced a month-on-month drop in volume. Due to the fact that Binance lost around 15% of its trading volume in the last three months, it lost the first position as the largest exchange in terms of trading volume. The January Exchange Review released by CryptoCompare analyses exchange volumes and also makes a review of the highest volume producing jurisdictions as well. The company makes also a comparison between BitMEX and BitFlyerFX and the Cboe and the CME. Another virtual currency exchange, ZB.com was able to take Binance's position in the space. Although in November and December Binance performed better than this controversial exchange, January was not a good month for Binance, OKEx, and Bitfinex. Huobi Pro has fallen under $10 billion in trading volume for the first time since CryptoCompare releases these analyses. In December it handled around $12 billion but it dropped down to $5.6 billion.