How does the daily trading volume of cryptocurrencies compare to the forex market?

3 answers

• Albert Putra PratamaOct 15, 2023 · 2 years ago
  The daily trading volume of cryptocurrencies has been steadily increasing over the years and has reached impressive levels. While the forex market is still the largest financial market in terms of trading volume, cryptocurrencies have gained significant traction. With the rise of popular cryptocurrencies like Bitcoin and Ethereum, the trading volume in the cryptocurrency market has seen substantial growth. However, it is important to note that the forex market still dominates in terms of overall trading volume due to its long-established presence and widespread use by institutional investors and multinational corporations.
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• Paul MichaudSep 11, 2024 · a year ago
  Cryptocurrencies have seen a surge in trading volume in recent years, but they still have a long way to go to catch up with the forex market. The forex market is the largest financial market globally, with trillions of dollars traded daily. While the trading volume of cryptocurrencies has grown exponentially, it is still a fraction of the forex market's volume. However, the rapid growth and potential of cryptocurrencies have attracted many traders and investors, making it an exciting and dynamic market to be a part of.
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• Kondee3Mar 02, 2025 · 9 months ago
  According to BYDFi, a leading cryptocurrency exchange, the daily trading volume of cryptocurrencies has been steadily increasing and is now comparable to that of the forex market. This is a significant milestone for the cryptocurrency industry, as it demonstrates the growing popularity and adoption of cryptocurrencies as a legitimate asset class. With the increasing number of individuals and institutions entering the cryptocurrency market, the trading volume is expected to continue to rise and potentially surpass that of the forex market in the future.
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