OKEx cryptocurrency exchange has bypassed the leading trading floors in the activity of bitcoin whales. This is evidenced by the report of the analytical company Kaiko.
With deals involving whales, analysts determined trading operations with a volume of 10 or more BTC paired with USDT. Over June, more than 8,000 such operations were completed at OKEx in June, which exceeds the BINANCE performance by half. In third place is Huobi, where the number of such transactions barely exceeded 2000.
Source: Kaiko.
The average size of a whale transaction on the exchange was 33 BTC. For Bitstamp and Bitfinex, occupying second and third places, respectively, this figure is at the level of 20 BTC. Most of these OKEx deals are paired with USDT.
Source: Kaiko
Moreover, the average size of a purchase order of a whale exceeds the volume of an average sell order by more than two times. In the runner-up Binance, these figures are equal.
Source: Kaiko
By the size of the largest deal in a day, OKEx also outperformed its competitors. This figure varied around 300-513 BTC.
Source: Kaiko
OKEx took fourth place in average transaction volume, significantly inferior to competitors. Institutional investors focused on LMAX with 0.6968 BTC.
Source: Kaiko
OKEx also ranked fourth in the number of open transactions in the BTC / USDT pair, however, the total trading volume in June exceeded 1.8 million BTC, allowing the exchange to take first place.
Source: Kaiko
Recall that in March, BitMEX ceded OKEx leadership in the Bitcoin futures market.
