How does the trading volume of USDCAD vary throughout the day in the digital currency industry?

1 answers

• Mar 16, 2022 · 3 years ago
  At BYDFi, we have observed that the trading volume of USDCAD in the digital currency industry tends to be highest during the Asian trading session, specifically when the Tokyo market is open. This is because the Asian market is a major player in the digital currency industry and has a significant impact on trading volume. During this time, traders from various regions actively participate in the market, leading to increased volume. However, it's important to note that trading volume can also be influenced by other factors such as market sentiment and economic events. Therefore, it's crucial for traders to stay updated with the latest news and monitor the trading volume throughout the day to make informed trading decisions.
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