What is the unit of measurement for trading volume on Kucoin?

3 answers

• Claudio Afonso HenriquesDec 20, 2022 · 3 years ago
  The unit of measurement for trading volume on Kucoin is typically represented in terms of the base currency being traded. For example, if you are trading Bitcoin (BTC) against Ethereum (ETH), the trading volume will be measured in BTC. This means that the volume represents the total amount of BTC being bought or sold in the trading pair during a specific time period. It's important to keep in mind that trading volume can vary greatly depending on market conditions and the popularity of the trading pair.
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• Maynard TobiasenMar 13, 2022 · 4 years ago
  When it comes to trading volume on Kucoin, the unit of measurement depends on the specific trading pair you are looking at. Each trading pair has its own base currency, and the volume is measured in terms of that base currency. For example, if you are trading ETH/BTC, the volume will be measured in BTC. This allows traders to easily understand the amount of the base currency being traded in a given time period. It's important to pay attention to trading volume as it can provide insights into market liquidity and the overall interest in a particular trading pair.
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• Hemanth BodankiJan 01, 2024 · 2 years ago
  BYDFi, a digital currency exchange, uses the same unit of measurement for trading volume on Kucoin as other exchanges. The unit of measurement is typically the base currency of the trading pair. For example, if you are trading BTC/ETH, the trading volume will be measured in BTC. This allows traders to easily understand the amount of the base currency being traded in a given time period. It's important to monitor trading volume as it can indicate market trends and the level of interest in a particular trading pair.
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