Apr 4 (edited) in Our Research
CRYPTO VOLUME BREAKDOWN ACROSS EXCHANGES
Examining the distribution of trading volume across different exchanges offers intriguing insights into liquidity levels, user preferences, and prevailing market trends. When considering year-to-date (YTD) data analysis, several notable patterns emerge. Among the top crypto, Bitcoin consistently emerges as the dominant player, accounting for roughly 50-60% of trading volume across various exchanges. Following closely is Ethereum (ETH), typically capturing around 30% of the market share. However, what's particularly interesting is the higher variability observed among other cryptocurrencies. This variability underscores the diverse landscape of the cryptocurrency market, where certain assets may experience fluctuating levels of trading activity across different exchanges.
Would like to replicate the analysis? Check the resources below:
DataLab: https://lnkd.in/dxxYcHb9
Code available at: https://lnkd.in/dR7j56Qz
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CRYPTO VOLUME BREAKDOWN ACROSS EXCHANGES
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