• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
  • 200 FREESPINS
Breaking News: Tether Announces Strategic Partnership To Combat Stablecoin Misuse
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
  • 200 FREESPINS
Bitcoinist.com
No Result
View All Result
Breaking News: Tether Announces Strategic Partnership To Combat Stablecoin Misuse

5 Biggest Crypto Exchanges Combined Comprise Less Than 1% of JPMorgan

Emilio Janus
by Emilio Janus
6 years ago
·
Posted in Bitcoin Exchange, Bitcoin, Bitcoin Businesses, News, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

New research from Hacken System’s Crypto Exchange Ranks (CER) shows that traditional banks like JPMorgan and Bank of America dwarf the nascent cryptocurrency exchange industry.


Uptown Top Ranking

Cryptocurrency exchanges are like the banks of the industry, acting as intermediaries between traders, investors, projects and other stakeholders. But the metric used to compare exchanges (daily trade volumes) is open to abuse and manipulation. New research from Hacken System’s Crypto Exchange Ranks (CER) suggests a more accurate ranking method.

In the rampant bull market of 2017, crypto exchanges appeared to have developed into significant players in global finance. Billions of dollars of daily traded volume fuelled investors confidence that they had bought into something huge. But centralized crypto exchanges display the polar opposite of the transparency that we hold so dear in Bitcoin.

These impenetrable black boxes of power, completely conceal the way they operate, store customer assets, and make profit. The preferred method for ranking exchanges became the (often self-reported) daily trade volumes, which poses obvious issues.

Techniques such as wash-trading allow exchanges to manipulate this metric, enabling unproven new exchanges to emerge at the top of the CoinMarketCap rankings. So how can we grade the exchanges’ genuine sustainability and liquidity?

All Aboard, The Blockchain

The solution, according to Hacken, is in the blockchain itself. As an immutable ledger we can rely on the information recorded.

Therefore, the only trustworthy data about the exchanges available now resides in their cold and hot wallet balances. This information may not be falsified and can be easily verified. Likewise, anyone can observe the wallets of a particular exchange and track all their changes and movements.

This also compares to client deposits in traditional banks, reflecting the level of liabilities for each. Despite the billions of dollars in reported trade volumes, exchanges fall far behind banks when considering this metric.

Don’t Believe The Hype

Hacken compared data from the five largest US and UK banks, five local banks in emerging countries, and the five largest crypto-exchanges (according to wallet balances).

The wallet balances of the exchanges are not even visible in the chart compared to the top five US and UK banks. Even taking these banks out of the equation, and just considering the five local banks in emerging nations paints a sobering picture.

On average the crypto-trading platforms lag behind local bank deposits by a factor of 15. And their wallet balances hold over 1000 times less than the top five global banks.

These figures may look depressing compared to the billion dollar volumes we have been fed in the past. But for cryptocurrencies to grow (and there is still a lot of that needed to achieve a truly global scale), it is important to have accurate data to rely on.

Perhaps now we can put the hype behind us, and concentrate on the measured and sustainable growth of the industry.

What do you think about these findings? Share your thoughts below!


Images courtesy of Shutterstock

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Emilio Janus

Emilio Janus

Follow

Full Profile

Related Posts

Bitcoin

Analyst Predicts Bitcoin Price Breakdown — Here’s The Best Time To Buy

53 minutes ago
Metaplanet

Metaplanet Moves On Digital Bank Acquisition As It Scales Bitcoin Strategy

8 hours ago
Will 600K Bitcoin Be The Tipping Point? Saylor’s Strategy Sparks Institutional Wave

Will 600K Bitcoin Be The Tipping Point? Saylor’s Strategy Sparks Institutional Wave

1 day ago
Bitcoin

Corporate Bitcoin Craze: 54 Companies Dump $500M Into BTC Treasuries

1 day ago
Bitcoin

Bitcoin First: Musk’s Political Party, Crypto Push Shakes Up Washington

1 day ago
Bitcoin

Why Satoshi-Era Bitcoin Are Relevant To Market Dynamics — Analyst Explains

2 days ago
Please login to join discussion

Premium Sponsors

Press Releases

  • More and more ADA and ETH holders are quietly turning to a...

    12 minutes ago
  • More and more XRP and ETH holders are quietly turning to...

    14 minutes ago
  • Bitget Partners With UNTOLD Festival, Where Web3 Takes The...

    1 hour ago
  • Cloud Mining

    Missed Ethereum’s Surge? Don’t Miss BTC Miner’s Cloud...

    2 hours ago
  • MEXC June Token Listings Deliver Up to 9,100% Returns...

    2 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
  • 200 FREESPINS
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.