How does the trading volume of digital currencies compare in shares and dollars?

3 answers

• Dec 18, 2021 · 3 years ago
  When it comes to measuring trading volume, digital currencies and traditional shares have some key differences. In the world of shares, trading volume is typically measured in terms of the number of shares traded. This means that if 100 shares of a company are bought and sold in a day, the trading volume for that day would be 100. On the other hand, when it comes to digital currencies, trading volume is usually measured in terms of the total value of the currency traded. For example, if $1 million worth of Bitcoin is bought and sold in a day, the trading volume for that day would be $1 million. So, the main difference lies in the unit of measurement: shares for traditional shares and dollars for digital currencies.
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• Dec 18, 2021 · 3 years ago
  The trading volume of digital currencies is typically measured in dollars rather than shares. This is because digital currencies like Bitcoin, Ethereum, and others are not issued in the form of shares like traditional stocks. Instead, their value is determined by supply and demand in the market. Therefore, the trading volume of digital currencies is calculated based on the total dollar value of the currency traded. This allows for easy comparison and analysis of trading activity across different digital currencies.
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• Dec 18, 2021 · 3 years ago
  In the case of BYDFi, a digital currency exchange, the trading volume is measured in both shares and dollars. This is because BYDFi offers a unique feature that allows users to trade digital currencies in the form of shares. So, users can choose to trade digital currencies using either the traditional dollar value or the share-based measurement. This flexibility provides users with more options and allows for a more comprehensive analysis of trading volume on the BYDFi platform.
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