Which digital currencies have the highest trading volume when paired with fiat currencies in the forex market?
omarDec 26, 2021 · 3 years ago1 answers
Can you provide a list of digital currencies that have the highest trading volume when paired with fiat currencies in the forex market? I'm particularly interested in knowing which cryptocurrencies are most actively traded against traditional currencies like USD, EUR, and JPY.
1 answers
- Dec 26, 2021 · 3 years agoAccording to our analysis at BYDFi, the digital currencies with the highest trading volume when paired with fiat currencies in the forex market are Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). These cryptocurrencies have a strong presence in the forex market and are actively traded against major fiat currencies like USD, EUR, and JPY. Bitcoin, being the first and most well-known cryptocurrency, has the highest trading volume and is often considered the gold standard in the crypto world. Ethereum, with its smart contract capabilities, has gained popularity among traders and investors, leading to a significant trading volume. Litecoin, known for its fast transaction confirmation times, is also actively traded in the forex market. So, if you're looking for digital currencies with high trading volume in the forex market, these three are definitely worth keeping an eye on.
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