ASX vs Bitcoin which is bigger?
- The average daily trading volume on the ASX is just 12% of the average daily trading volume of Bitcoin.
- The world’s largest cryptocurrency, Bitcoin, has a market cap over US$1 trillion.
- Tether has the largest average daily trading volume of US$80.53 billion.
There’s no secret about the increasing popularity of cryptocurrencies, from both corporations and retail investors around the world, but just HOW popular is this new wave of digital currency?
In one day, the average trading volume of the world’s largest cryptocurrency, Bitcoin, is about US$36.04 billion. In contrast, the average daily trading volume for the whole of the Australian Securities Exchange (ASX) was A$6.2 billion (US$4.51 billion) in October — or just 12% of the average Bitcoin daily trading volume.
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