What is volume in crypto
What is volume in crypto?and why is it crucial in crypto trading Volume in crypto trading When it comes to trading cryptocurrencies, volume is an important metric to keep an eye on. Volume refers to the number of coins or tokens that are traded on an exchange within a specific period of time. The time period can be specific or mostly it is 24 hours. Trading volume is taken out by summing up the total value of all buy and sell of a specific cryptocurrency in that particular time frame. For eg the transactions you do adds to the exchange's trading volume when you purchase or sell cryptocurrencies there. The exchange keeps track of the volume of cryptocurrencies exchanged as well as the exchange rate. The total trading volume on the exchange is calculated by adding these trades to all other deals. A large trading volume can be a good indicator for traders and investors because it shows that there is a lot of interest in a certain cryptocurrency. A market where it is simple to ...