How does Binance calculate the total volume of digital currencies?

3 answers

• Dec 30, 2021 · 3 years ago
  Binance calculates the total volume of digital currencies by summing up the trading volume of each currency pair on its platform. This includes both buy and sell orders. The volume is calculated in real-time and is updated continuously throughout the day. This information is important for traders to understand the liquidity and popularity of different digital currencies on Binance.
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• Dec 30, 2021 · 3 years ago
  To calculate the total volume of digital currencies, Binance takes into account the quantity of each trade and multiplies it by the price at which the trade was executed. This gives the total value of each trade, and by summing up the values of all trades, Binance calculates the total volume. It's worth noting that Binance only includes trades that are executed on its platform in this calculation.
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• Dec 30, 2021 · 3 years ago
  As a leading digital currency exchange, Binance calculates the total volume of digital currencies using advanced algorithms and data analysis techniques. The platform takes into account various factors such as the number of trades, the size of each trade, and the liquidity of different currency pairs. Binance's goal is to provide accurate and reliable volume data to its users, helping them make informed trading decisions.
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