What is the most traded digital currency in terms of volume?
newOnedontJudjeMeNov 29, 2021 · 3 years ago3 answers
In the world of digital currencies, there are numerous options available for trading. However, when it comes to trading volume, which digital currency takes the lead and is considered the most traded?
3 answers
- Nov 29, 2021 · 3 years agoThe most traded digital currency in terms of volume is Bitcoin. As the pioneer of cryptocurrencies, Bitcoin has established itself as the most popular and widely recognized digital currency. Its high liquidity and global acceptance make it the go-to choice for traders around the world. With a market dominance of over 60%, Bitcoin continues to dominate the trading volume charts.
- Nov 29, 2021 · 3 years agoWhen it comes to trading volume, Bitcoin is the undisputed king. Its massive market capitalization and widespread adoption have made it the most traded digital currency. Traders flock to Bitcoin due to its high liquidity and the availability of numerous trading pairs. Its price volatility also attracts speculators and day traders looking to capitalize on price movements.
- Nov 29, 2021 · 3 years agoAccording to recent data, the most traded digital currency in terms of volume is Bitcoin. With its strong brand recognition and widespread acceptance, Bitcoin attracts a large number of traders and investors. Its high liquidity ensures that there is always a market for buying and selling Bitcoin, making it the top choice for those looking to trade digital currencies. Other popular digital currencies like Ethereum and Ripple also have significant trading volumes, but they still fall behind Bitcoin in terms of overall trading activity.
Related Tags
Hot Questions
- 90
What are the best digital currencies to invest in right now?
- 81
What are the best practices for reporting cryptocurrency on my taxes?
- 43
Are there any special tax rules for crypto investors?
- 41
How can I protect my digital assets from hackers?
- 30
How does cryptocurrency affect my tax return?
- 23
What is the future of blockchain technology?
- 21
What are the advantages of using cryptocurrency for online transactions?
- 14
What are the tax implications of using cryptocurrency?