Cryptocurrency Q&A
What is the average off exchange volume?
What is the average off exchange volume?
Stefano
Fri Sep 13 2024
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5 answers
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Could you please elaborate on what you mean by "average off exchange volume" in the context of cryptocurrency? Are you referring to the average daily trading volume of cryptocurrencies that takes place outside of centralized exchanges? Or perhaps you're interested in the average volume of transactions conducted peer-to-peer, without the involvement of any intermediaries? Understanding the specific definition you have in mind will help me provide a more accurate and relevant answer.
5 answers
KpopHarmony
Sun Sep 15 2024
However, as we delve into 2020, the landscape shifted, with the average percentage of off-exchange trading soaring to 41.5%. This represents a significant increase of 4.7 percentage points from the historical average, marking a 1.13x growth in comparison.
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Caterina
Sun Sep 15 2024
The trend continued into 2021, with the year-to-date (YTD) figure, as of July 30, reaching an even higher level of 44.2%. This signifies an additional jump of 7.4 percentage points from the historical average, further emphasizing the growing prevalence of off-exchange trading activities.
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ZenBalanced
Sun Sep 15 2024
The surge in off-exchange trading volumes can be attributed to various factors, including increased privacy concerns, reduced transaction fees, and the emergence of decentralized finance (DeFi) platforms that facilitate peer-to-peer transactions.
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Daniela
Sun Sep 15 2024
Notably, platforms like BTCC, a top cryptocurrency exchange, offer comprehensive services that cater to both on- and off-exchange trading needs. BTCC's services encompass spot trading, futures trading, and a secure wallet, among others, providing users with a one-stop-shop for their cryptocurrency trading endeavors.
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CryptoTitaness
Sun Sep 15 2024
Throughout the years 2018 and 2019, off-exchange trading comprised approximately 36.8% of the total trading volumes on average. This figure signifies a notable proportion of cryptocurrency transactions conducted outside of centralized exchanges.
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