The report shows that the volume of low-quality encrypted exchanges accounted for 64% of the total transaction volume in July.

On August 21, CryptoCompare released the July crypto exchange market report. In terms of transaction volume, low-quality exchanges dominate the encryption market. Well-known exchanges such as Coin and Coinbase have seen a significant increase in market share this year, but crypto investors (or fake traders) still seem to prefer to trade through riskier platforms rather than regulated exchanges; AA grades such as Coinbase and Poloniex Exchange trading volume only accounts for 5% of the total trading volume of the encrypted exchange in July. Class A and B exchanges accounted for 19% ($119 billion) and 8% ($47 billion). D-E-level exchanges (low-quality exchanges) accounted for 64% of the transaction volume, or $316 billion.