Which cryptocurrencies contribute the most to the US percentage of crypto trading volume?
Mappy OakleyDec 16, 2021 · 3 years ago1 answers
Can you provide insights into the cryptocurrencies that have the highest impact on the overall trading volume in the United States?
1 answers
- Dec 16, 2021 · 3 years agoAccording to the latest statistics, Bitcoin (BTC) and Ethereum (ETH) are the major contributors to the US percentage of crypto trading volume. Bitcoin, being the first cryptocurrency and the most widely recognized, has a substantial impact on the trading volume. Ethereum, with its smart contract capabilities and active developer community, also plays a significant role in the US market. These two cryptocurrencies have established themselves as the go-to options for traders and investors, driving the majority of the trading volume in the United States. Other cryptocurrencies, while having their own unique features and use cases, do not have the same level of dominance in terms of trading volume.
Related Tags
Hot Questions
- 99
How can I protect my digital assets from hackers?
- 97
What are the best digital currencies to invest in right now?
- 90
How can I buy Bitcoin with a credit card?
- 89
How does cryptocurrency affect my tax return?
- 89
How can I minimize my tax liability when dealing with cryptocurrencies?
- 77
What are the tax implications of using cryptocurrency?
- 65
Are there any special tax rules for crypto investors?
- 52
What are the best practices for reporting cryptocurrency on my taxes?