Both top-tier and low-rated exchanges have seen their trading volumes stagnate as the year was coming to an end, with little to no indication that there will be an upturn in the market anytime soon.

However, the latest data has shown that not only has the market turned but that it also seems to be riding an unstoppable wave going upwards.

This is seen best when analyzing the growth crypto exchanges have seen this month. According to his data, the daily average volume on Coinbase increased by more than 81 percent in January, which is the first monthly increase it has seen since June According to crypto analytics company CryptoCompare, traders have been pumping up volumes on other exchanges as well.

Liquid and bitFlyer saw their January trading volume increase by 50 percent since December , while Bitstamp saw a 70 percent increase.

Bitfinex and Coinbase saw their volumes rise by 90 percent and 80 percent respectively, CryptoCompare data has shown. CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article.

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Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies. Investors in the Bitcoin options market could be turning slightly bearish in the near term, order books show.

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Close Window Trending Coins Ethereum. USD Coin. Companies Coinbase. Goldman Sachs. Exchange holds a major part of the fund in their cold or offline wallet, which is less prone to cybercrimes.

Also, it ensures the identity of users by the method of two-way authentication. On the other hand, Kraken also supports the process of two-way authentication to validate the user on its interface.

Security is amongst the top priorities of Kraken since the time of its launch. Founder of Kraken, himself was involved in cleaning up the Mt.

Kraken has never experienced an attack on the exchange because of its sophisticated arrangement of securing the funds.

Thus, after comparing the difference between Kraken and Bitfinex and noticing the similarities between the exchanges, it might help you in choosing the exchange as per your requirements.

Before making your preference, you need to consider a few points so that your investments can turn into desired profits and at the same time, they are secured at a particular exchange.

Undoubtedly, in this battle of Bitfinex vs Kraken, Bitfinex, on the one hand, has the options for a diverse range of coins and vast trading history; on the other hand, Kraken provides a variety of analytical tools and ease of trading on its highly secured platform.

Thus, before start trading on any of the platforms, read the guidelines of that particular exchange carefully. And if you wanted to know, if Kraken or Bitfinex?

Then could be both of them are well-known exchanges, you can opt any of them depending on your ease of trading.

Tarulika is an engineering graduate and an eloquent crypto blogger. Being a digital economy supporter, she keeps herself updated with the latest innovation in the crypto industry, Blockchain Technology, Internet of Things and other technologies.

Currently, she curates the simple and interesting content for Crypto guides for beginners. If you want to learn more about the cryptocurrencies, latest trends of blockchain-powered AI applications, you are free to follow her on LinkedIn and Twitter.

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