How does the forex market compare to the cryptocurrency market in terms of size?

1 answers

• Dec 18, 2021 · 3 years ago
  In terms of size, the forex market dwarfs the cryptocurrency market. The forex market is the largest financial market in the world, with daily trading volumes that are several times larger than the entire cryptocurrency market. This is mainly due to the fact that the forex market involves the trading of fiat currencies, which are widely used for international trade and investment. On the other hand, the cryptocurrency market is still relatively niche and has a smaller user base. However, it's important to note that the cryptocurrency market has been growing rapidly in recent years, and its size is expected to increase as more people adopt cryptocurrencies as a form of investment and payment.
  700350