• bitcoin

    Bitcoin (BTC)

    $ 3,985.11 0.10%
  • ethereum

    Ethereum (ETH)

    $ 137.82 0.67%
  • ripple

    XRP (XRP)

    $ 0.314210 0.57%
  • stellar

    Stellar (XLM)

    $ 0.107201 0.16%
  • eos

    EOS (EOS)

    $ 3.72 0.71%


Bisq volumes reach all time highs as Monero demand spikes

Bisq, a decentralized exchange, surpassed $3.5M in monthly volumes in October and recorded its most successful month since the project's inception in April 2016. Bisq's volumes are projected to approach $5M in October.

Decentralized exchanges, which allow buyers and sellers to find each other peer-to-peer, have been popping up at a fast clip over the last year, but have failed to attract significant turn-over compared to centralized exchanges. By way of comparison, Bitfinex, a centralized exchange, sees more than $123M worth of crypto trade on its venue a day. Still, volumes on centralized exchanges have greatly depreciated during the bear market. Diar recently reported that in the third quarter of 2018, Coinbase’s USD volumes hit a 1-year low.

According to The Block's findings, 89% of all volumes on Bisq involved Monero in the last three months. In the previous 2 years of Bisq's existence, only 17% of volumes involved Monero. The increase in Monero's volumes correlates with the heightened regulatory pressure that resulted in Shapeshift and Changelly having to KYC its customers.