After oil, which commodity takes the second spot in terms of trading volume in the digital currency market?

3 answers

• Dec 26, 2021 · 3 years ago
  The commodity that takes the second spot in terms of trading volume in the digital currency market after oil is gold. Gold has long been considered a safe haven asset and has gained popularity in the digital currency market due to its perceived stability and value. Many digital currency investors see gold as a hedge against market volatility and use it as a diversification strategy in their portfolios. With its high liquidity and global recognition, gold has become one of the top commodities traded in the digital currency market.
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• Dec 26, 2021 · 3 years ago
  When it comes to trading volume in the digital currency market, the commodity that follows oil in the second spot is gold. Gold has always been a sought-after asset due to its historical value and stability. In the digital currency market, gold serves as a store of value and a hedge against market fluctuations. Its liquidity and global recognition make it an attractive commodity for investors looking to diversify their digital currency portfolios.
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• Dec 26, 2021 · 3 years ago
  After oil, the commodity that takes the second spot in terms of trading volume in the digital currency market is gold. Gold has been a traditional safe haven asset and is highly valued for its scarcity and durability. Investors often turn to gold as a hedge against economic uncertainty and inflation. Its popularity in the digital currency market is driven by its historical significance and the belief that it can provide stability in times of market volatility. Many digital currency exchanges, including BYDFi, offer gold trading options to cater to the demand from investors.
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