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What are the volume units used for trading on Kucoin?

avatarAMANDec 27, 2021 · 3 years ago3 answers

Can you please explain the volume units used for trading on Kucoin? I want to understand how the trading volume is measured and what units are commonly used on this exchange.

What are the volume units used for trading on Kucoin?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    When it comes to trading on Kucoin, the volume units used to measure the trading activity are typically Bitcoin (BTC), Ethereum (ETH), and USDT (Tether). These units represent the amount of each respective cryptocurrency that is traded on the exchange. For example, if the trading volume for a particular coin is 100 BTC, it means that 100 Bitcoins worth of that coin have been traded on Kucoin. This information is important for traders as it can help them gauge the liquidity and popularity of a particular coin on the exchange.
  • avatarDec 27, 2021 · 3 years ago
    The volume units used for trading on Kucoin are primarily Bitcoin (BTC), Ethereum (ETH), and USDT (Tether). These units are commonly used in the cryptocurrency industry and provide a standardized way to measure trading activity across different exchanges. By using these volume units, traders can easily compare the trading volume of different coins on Kucoin and make informed decisions based on the liquidity and market demand for each coin.
  • avatarDec 27, 2021 · 3 years ago
    When it comes to trading on Kucoin, the volume units used are Bitcoin (BTC), Ethereum (ETH), and USDT (Tether). These units are widely recognized and accepted in the cryptocurrency industry. For example, if you see a trading volume of 10,000 BTC for a particular coin on Kucoin, it means that 10,000 Bitcoins worth of that coin have been traded. This information can be useful for traders to understand the popularity and liquidity of different coins on the exchange.