02 Apr Two key cryptocurrency charts worth viewing
There’s a wealth of data and cryptocurrency information available for traders, digital coin lovers and stats junkies. Today, we’re taking a look at two key charts that provide a different perspective on the markets compared with the standard big picture coin market capitalization charts, such as CoinMarketCap.com.
Bitcoin volume by currency
A Bitcoin volume by currency chart in effect tells you which countries are the most-active in trading cryptocurrencies. The following chart from CryptoCompare provides a couple of interesting insights.
For example, 55.68% of trades are in Japanese yen, followed by 21.81% in US dollars. The Bitcoin/Tether (USDT) itself is the third-largest currency traded at 14.28% at the time of this chart (April 2). Together, the top three total 91.77% of the trading volume by currency.
The remainder of the coins include: South Korean Won (3.06%), Euro (3.05%), Vietnamese Dong (0.54), Polish Zlotny (0.17%), Canadian dollar (0.16%) and the British pound (0.15%).
Largest Bitcoin exchanges
If you’re looking to see which exchanges trade the largest volume of cryptocurrency, the following chart from CryptoCoinCharts provides a list of largest exchanges by total 24-hour cryptocurrency trading volume.
In the most recent 24-hour period (April 2), Hong Kong-based Bitfinex traded $626,401,518 of cryptocurrency or 24% of the total of 191 exchanges listed.
US-based Coinbase/GDAX traded $262,690,715 or 10% of volume while Kraken traded $248,704,558 (10%), South Korea’s Coinone $239,318,822 (9%), South Korea’s Bithumb $168,233,995 (6%), Japan’s Bitstamp $156,897,602 (6%), UK’s HitBTC $137,512,464 (5%), US-based Bittrex $109,362,085 (4%), Japan’s BitFlyer $87,918,502 (3%) and Japan’s Quoine $78,281,192 (3%), US Gemini $77,530,779 (3%) and virtual exchange BTC-e/WEX $69,645,152 (3%).
We’ve got our own Blockcoin Today coin market capitalization data, which has a different basket of information gathered from major exchanges around the world. Each of these resources gathers data from slightly different sources, providing a useful alternate set of cryptocurrency data.
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