At the time of writing, the digital asset's value is averaging $ 495 USD and currently commands the second highest
cryptocurrency trade volume in the world.
As CCN reported, India -
based cryptocurrency trading volume had already plummeted by 90 percent in recent months as banks themselves had already begun to restrict the ability of cryptocurrency exchanges to secure access to financial services and locals to trade with funds stored in Indian bank accounts.
An unidentified spokesman told the Financial Times: «They asked for some data such
as cryptocurrency trading volume, our exchange's sales and whether we are paying corporate tax well.»
As CCN reported, these restrictions
caused cryptocurrency trading volume denominated in the Chinese renminbi (RMB) to plummet from a peak of 90 percent to a present value estimated to be less than one percent.
With the global
cryptocurrency trading volume drying up by the day, it is also becoming increasingly likely that whales will attempt to swing the market from one direction to another in an attempt to make a profit.
Malta, the New Leader in Crypto Trading Volume The winds of change are blowing strong as Malta becomes the global leader in terms
of cryptocurrency trading volume.
India -
based cryptocurrency trading volume had already plummeted by 90 percent in recent months as banks themselves had already begun to restrict the ability of cryptocurrency exchanges to secure access to financial services and locals to trade with funds stored in Indian bank accounts.
Stock market strategist Jens Nordvig, the founder and CEO of Exante Data, predicts that
daily cryptocurrency trading volume will «soon surpass» that of Apple, the most - traded company stock.
Throughout most of 2017, China accounted for a significant share of the
global cryptocurrency trading volume, which came to an abrupt end in September 2017 when the government announced a blanket ban on cryptocurrency trading.
To his fans and others in the Bitcoin space, this hasn't come as much of a surprise — Bitcoin's popularity has skyrocketed in South Korea, which has become responsible for over 25 % of
total cryptocurrency trading volume.
The Asian region is responsible for the majority of
the cryptocurrency trading volume so they have a large influence on the markets.
China, which at one time controlled nearly 80 percent of the world's
cryptocurrency trading volume, placed a blanket ban on exchanges and Initial coin offerings.
The cryptocurrency trading volume in the past 24 hours has been $ 17.44 billion.
The Growing South Korean Market South Korea has been disrupting the charts when it comes to
cryptocurrency trade volume, and the old money is noticing.
However, it has disrupted
the cryptocurrency trading volume and displaced other platforms to become the largest crypto exchange platform.
He said, «
Cryptocurrency trading volume is now more than of $ 3bn / day on average, and will likely soon surpass that of the world's most liquid stock: Apple ($ 4bn / day).»
With this, bitFlyer will have its presence in three important demographies which contribute to the majority of the globe's
cryptocurrency trading volumes.
The Asian region is responsible for the majority of
the cryptocurrency trading volume so they have a large influence on the markets.
Japan is one of the biggest trading hubs on earth concentrating lot of
the cryptocurrency trading volume.
«
Cryptocurrency trading volume is now more than of $ 3 bln / day on average, and will likely soon surpass that of the world's most liquid stock: Apple ($ 4 bln / day).»
«
Cryptocurrency trading volume is now more than of $ 3bn / day on average, and will likely soon surpass that of the world's most liquid stock: Apple ($ 4bn / day),» Jens Nordvig, founder and CEO of Exante Data, said in a note Friday.
The massive growth in
cryptocurrency trading volumes has been coupled with an equally large drop in stock trading volumes.
«
Cryptocurrency trading volume is now more than of $ 3bn / day on average, and will likely soon surpass that
News On March 10 a cryptocurrency trader and researcher published a report on how he believes $ 3 billion worth of
cryptocurrency trade volumes, primarily from a couple of exchanges, are concocted.