common-close-0
BYDFi
Trade wherever you are!

What is the average daily volume of the top 10 crypto exchanges?

avatarMUSIBAU SHOGEKEDec 15, 2021 · 3 years ago3 answers

Can you provide information on the average daily trading volume of the top 10 cryptocurrency exchanges? I am interested in knowing the total volume traded on these exchanges on a daily basis.

What is the average daily volume of the top 10 crypto exchanges?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    The average daily volume of the top 10 crypto exchanges varies depending on market conditions and trading activity. However, it is generally in the billions of dollars. These exchanges handle a significant amount of trading volume, contributing to the liquidity and overall market activity in the cryptocurrency space.
  • avatarDec 15, 2021 · 3 years ago
    The average daily trading volume of the top 10 crypto exchanges can fluctuate greatly. On some days, it can reach several billion dollars, while on other days it may be lower. The volume is influenced by factors such as market sentiment, news events, and the overall demand for cryptocurrencies. It's important to note that the volume reported by exchanges may not always be accurate due to wash trading and other manipulative practices.
  • avatarDec 15, 2021 · 3 years ago
    According to data from BYDFi, one of the leading cryptocurrency exchanges, the average daily trading volume of the top 10 crypto exchanges is around $5 billion. This figure includes trading volume from various cryptocurrencies and trading pairs. It's important to note that this is an estimate and the actual volume may vary.