Which digital currency has the highest trading volume during non-trading hours?
Binyam KibromDec 19, 2021 · 3 years ago3 answers
During non-trading hours, which digital currency experiences the highest trading volume?
3 answers
- Dec 19, 2021 · 3 years agoBitcoin, the leading digital currency, typically maintains the highest trading volume during non-trading hours. As the most established and widely recognized cryptocurrency, Bitcoin attracts a large number of traders and investors, resulting in high trading activity even when traditional markets are closed. Its liquidity and market depth make it an attractive choice for those looking to trade outside of regular trading hours.
- Dec 19, 2021 · 3 years agoWhen it comes to trading volume during non-trading hours, Ethereum often stands out. As the second-largest cryptocurrency by market capitalization, Ethereum has a strong following and a vibrant ecosystem. Many traders and investors are actively engaged in Ethereum-related projects and decentralized applications, leading to significant trading activity even when other markets are inactive. Ethereum's innovative features and potential for growth make it an appealing option for those seeking opportunities outside of regular trading hours.
- Dec 19, 2021 · 3 years agoDuring non-trading hours, the digital currency with the highest trading volume can vary depending on market conditions and investor sentiment. However, according to data from BYDFi, a prominent cryptocurrency exchange, XRP has consistently shown significant trading volume during these periods. XRP, the native cryptocurrency of the Ripple network, has gained popularity for its fast transaction speeds and low fees. Its strong community and partnerships contribute to its trading volume, making it an interesting choice for traders during non-trading hours.
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