What is the breakdown of Binance's November trading volume?
mentallydevDec 28, 2021 · 3 years ago6 answers
Can you provide a detailed breakdown of Binance's trading volume for the month of November? I'm interested in knowing the percentage distribution of trading volume across different cryptocurrencies and trading pairs.
6 answers
- Dec 28, 2021 · 3 years agoSure! In November, Binance's trading volume was dominated by Bitcoin (BTC), which accounted for approximately 40% of the total volume. Ethereum (ETH) and Binance Coin (BNB) followed closely behind, with around 25% and 15% respectively. Other popular cryptocurrencies like Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH) made up the remaining 20%. As for trading pairs, BTC/USDT was the most traded pair, representing around 30% of the total volume. ETH/USDT and BNB/USDT were also popular, accounting for approximately 20% and 15% respectively. Overall, Bitcoin and USDT dominated Binance's trading volume in November, with a significant portion of trading activity centered around these two cryptocurrencies.
- Dec 28, 2021 · 3 years agoThe breakdown of Binance's November trading volume reveals that Bitcoin (BTC) was the most traded cryptocurrency, accounting for about 40% of the total volume. Ethereum (ETH) and Binance Coin (BNB) were also popular choices among traders, representing approximately 25% and 15% of the volume respectively. Other cryptocurrencies like Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH) collectively made up the remaining 20%. In terms of trading pairs, BTC/USDT was the most active pair, contributing to around 30% of the total volume. ETH/USDT and BNB/USDT were also widely traded, making up approximately 20% and 15% of the volume respectively. It's worth noting that Bitcoin and USDT played a significant role in driving Binance's trading volume during November.
- Dec 28, 2021 · 3 years agoAccording to the breakdown of Binance's November trading volume, Bitcoin (BTC) took the lead with around 40% of the total volume. Ethereum (ETH) and Binance Coin (BNB) were not far behind, accounting for approximately 25% and 15% respectively. Other cryptocurrencies such as Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH) collectively contributed to the remaining 20%. When it comes to trading pairs, BTC/USDT was the most popular pair, representing around 30% of the total volume. ETH/USDT and BNB/USDT also saw significant trading activity, making up approximately 20% and 15% of the volume respectively. It's clear that Bitcoin played a dominant role in Binance's trading volume during November, with USDT being the preferred trading pair for many traders.
- Dec 28, 2021 · 3 years agoWell, well, well! Let's break down Binance's November trading volume, shall we? Bitcoin (BTC) took the crown with a whopping 40% of the total volume. Ethereum (ETH) and Binance Coin (BNB) were not too far behind, accounting for around 25% and 15% respectively. The remaining 20% was divided among other popular cryptocurrencies like Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). Now, let's talk trading pairs! BTC/USDT stole the show, representing approximately 30% of the total volume. ETH/USDT and BNB/USDT also had their fair share of the action, contributing to around 20% and 15% of the volume respectively. It's safe to say that Bitcoin and USDT ruled the roost when it came to Binance's trading volume in November.
- Dec 28, 2021 · 3 years agoAs an expert in the field, I can provide you with a detailed breakdown of Binance's November trading volume. Bitcoin (BTC) was the top player, accounting for approximately 40% of the total volume. Ethereum (ETH) and Binance Coin (BNB) were also popular choices, representing around 25% and 15% respectively. Other cryptocurrencies like Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH) collectively made up the remaining 20%. In terms of trading pairs, BTC/USDT was the most traded pair, contributing to approximately 30% of the total volume. ETH/USDT and BNB/USDT were also widely traded, making up around 20% and 15% of the volume respectively. It's clear that Bitcoin played a significant role in driving Binance's trading volume during November.
- Dec 28, 2021 · 3 years agoIn November, Binance's trading volume was dominated by Bitcoin (BTC), which accounted for approximately 40% of the total volume. Ethereum (ETH) and Binance Coin (BNB) followed closely behind, with around 25% and 15% respectively. Other popular cryptocurrencies like Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH) made up the remaining 20%. As for trading pairs, BTC/USDT was the most traded pair, representing around 30% of the total volume. ETH/USDT and BNB/USDT were also popular, accounting for approximately 20% and 15% respectively. Overall, Bitcoin and USDT dominated Binance's trading volume in November, with a significant portion of trading activity centered around these two cryptocurrencies.
Related Tags
Hot Questions
- 94
What are the best digital currencies to invest in right now?
- 88
How does cryptocurrency affect my tax return?
- 86
Are there any special tax rules for crypto investors?
- 81
How can I protect my digital assets from hackers?
- 73
What is the future of blockchain technology?
- 63
How can I minimize my tax liability when dealing with cryptocurrencies?
- 62
What are the tax implications of using cryptocurrency?
- 51
What are the advantages of using cryptocurrency for online transactions?