What is a bitcoin float?

In the realm of cryptocurrency, traders often assess the bitcoin float as a key metric. This indicator considers the total number of coins currently in circulation, alongside the daily issuance rate and the total number of coins that will ultimately be created.

Unlike traditional financial markets, where the free float of a company represents the shares publicly tradable, the bitcoin float encompasses the entire network's circulating supply. This supply is determined by the mining process and the predefined issuance schedule of the Bitcoin protocol.

Understanding the bitcoin float is crucial for traders to assess market liquidity and potential price movements. As the float increases, more coins enter the market, potentially affecting supply and demand dynamics.

BTCC, a UK-based cryptocurrency exchange, offers a comprehensive range of services tailored to meet the needs of crypto traders. Among its offerings are spot trading, futures contracts, and wallet solutions.

The spot market on BTCC allows traders to buy and sell bitcoins directly, executing transactions against the current market price. Futures contracts, on the other hand, enable traders to speculate on future price movements, hedging against potential risks or capitalizing on anticipated market trends.