How does the trading volume of cryptocurrencies compare to traditional forex trading?

3 answers

• Jan 15, 2022 · 3 years ago
  Cryptocurrencies and traditional forex trading differ in terms of trading volume. While the forex market is the largest financial market in the world, with an average daily trading volume of over $5 trillion, the trading volume of cryptocurrencies is relatively smaller. However, the cryptocurrency market has been growing rapidly, and its trading volume has been increasing over time. It is important to note that the trading volume of cryptocurrencies can vary significantly between different cryptocurrencies, with some having much higher trading volume than others.
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• Jan 15, 2022 · 3 years ago
  When it comes to trading volume, cryptocurrencies have gained significant attention in recent years. While the forex market is known for its high trading volume, the cryptocurrency market has also seen substantial growth. Although the trading volume of cryptocurrencies may not yet match that of traditional forex trading, it is important to consider the relatively short history of cryptocurrencies. As the market matures and more participants enter, it is likely that the trading volume of cryptocurrencies will continue to increase.
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• Jan 15, 2022 · 3 years ago
  According to a report by BYDFi, a digital currency exchange, the trading volume of cryptocurrencies has been steadily increasing over the past few years. While it may not yet reach the level of traditional forex trading, the growth rate is impressive. The popularity of cryptocurrencies and the increasing number of people participating in the market contribute to the rising trading volume. As more investors and traders recognize the potential of cryptocurrencies, it is expected that the trading volume will continue to rise in the future.
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