common-close-0
BYDFi
Trade wherever you are!

Which time zones have the highest trading volume for digital currencies?

avatarJawad YTDec 24, 2021 · 3 years ago1 answers

Can you provide information on the time zones that have the highest trading volume for digital currencies? I'm interested in knowing which time zones are most active in terms of trading digital currencies like Bitcoin and Ethereum. Are there specific hours during the day when trading activity is particularly high in these time zones?

Which time zones have the highest trading volume for digital currencies?

1 answers

  • avatarDec 24, 2021 · 3 years ago
    Based on my experience at BYDFi, I can tell you that the time zones with the highest trading volume for digital currencies are UTC+0 (Coordinated Universal Time), UTC+8 (China Standard Time), and UTC-4 (Eastern Daylight Time). These time zones are known for their active cryptocurrency trading markets and have a significant impact on the overall trading volume. During the trading hours of these time zones, you can expect to see a higher volume of trades and increased market activity. For example, during the morning hours in UTC+8, when the Asian markets are open, there is often a surge in trading volume. However, it's important to note that trading volume can also be influenced by various factors such as market conditions and specific events. It's always a good idea to stay informed and monitor the market to make informed trading decisions.