Many people think market capitalization and trading volume are straightforward, but this is the key point:
Total market-wide trading volume is the combined volume across multiple trading venues, while an exchange’s trading volume reflects only the buying and selling on that platform.
Higher trading volume generally means better liquidity and less slippage on larger orders; however, be aware that some venues may inflate their volume.
When comparing trading volumes, pay attention to how they’re measured. Don’t compare 24-hour trading volume with the volume of a single candlestick.
For reference, the current figure is: $BTC , current price 64810.84 (24h -3.37%).
Total market-wide trading volume is the combined volume across multiple trading venues, while an exchange’s trading volume reflects only the buying and selling on that platform.
Higher trading volume generally means better liquidity and less slippage on larger orders; however, be aware that some venues may inflate their volume.
When comparing trading volumes, pay attention to how they’re measured. Don’t compare 24-hour trading volume with the volume of a single candlestick.
For reference, the current figure is: $BTC , current price 64810.84 (24h -3.37%).