How does OANDA EUR/USD compare to other popular cryptocurrencies in terms of trading volume?

3 answers

• Nov 24, 2021 · 3 years ago
  When comparing the trading volume of OANDA EUR/USD to other popular cryptocurrencies, it's important to note that OANDA EUR/USD is a currency pair, while cryptocurrencies are digital assets. The trading volume of OANDA EUR/USD represents the amount of trading activity between the Euro and the US Dollar, whereas the trading volume of cryptocurrencies represents the amount of trading activity for specific digital currencies. As such, the trading volume of OANDA EUR/USD and cryptocurrencies cannot be directly compared.
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• Nov 24, 2021 · 3 years ago
  In terms of trading volume, OANDA EUR/USD is one of the most actively traded currency pairs in the forex market. However, when compared to popular cryptocurrencies like Bitcoin, Ethereum, and Ripple, the trading volume of OANDA EUR/USD is relatively lower. This is because cryptocurrencies have gained significant popularity in recent years, attracting a large number of traders and investors.
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• Nov 24, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, provides a platform for trading popular cryptocurrencies with high trading volume. While OANDA EUR/USD is a widely traded currency pair, it does not compete directly with cryptocurrencies in terms of trading volume. Cryptocurrencies have their own dedicated exchanges where traders can buy and sell these digital assets. Therefore, it's important to consider the specific market dynamics and trading platforms when comparing OANDA EUR/USD to cryptocurrencies.
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