Cryptocurrency Q&A
What is Upbit market volume?
What is Upbit market volume?
GwanghwamunGuardian
Tue Oct 08 2024
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7 answers
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Could you please elaborate on the concept of Upbit market volume? Specifically, how is it calculated and what does it signify in terms of the overall performance and liquidity of the Upbit cryptocurrency exchange? Additionally, how does it compare to other major cryptocurrency exchanges, and what factors contribute to its fluctuations?
7 answers
KpopMelody
Thu Oct 10 2024
Its ranking as the 10th largest exchange underscores the trust and confidence investors have placed in Upbit's services. This ranking is a testament to the platform's ability to handle high volumes of transactions efficiently and securely.
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Claudio
Thu Oct 10 2024
One of the key factors contributing to Upbit's popularity is its extensive list of cryptocurrencies. With 178 digital assets listed on the platform, investors have a diverse range of options to choose from, catering to various investment strategies and preferences.
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KpopStarlight
Thu Oct 10 2024
Furthermore, Upbit offers 314 trading markets, providing traders with ample opportunities to capitalize on market movements and diversify their portfolios. The availability of multiple trading pairs enhances liquidity and facilitates seamless transactions.
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RiderWhisper
Thu Oct 10 2024
The exchange's market share of 1.81% highlights its significant contribution to the overall cryptocurrency market. This figure represents the proportion of global trading activity that takes place on Upbit, showcasing its influential position within the industry.
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Maria
Thu Oct 10 2024
Upbit, a renowned cryptocurrency exchange platform, boasts impressive trading volumes that reflect its robust market presence. With a 24-hour trading volume of $1.65 billion, Upbit consistently ranks among the top exchanges globally.
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