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<blockquote data-quote="cosine" data-source="post: 1414229" data-attributes="member: 10363"><p>Can anyone explain the scale of volume with cryptocurrencies compared to stocks? Why on earth are they SO high? How and why does 20%+ of ETH trade every single day?</p><p></p><p><strong>From coinmarketcap:</strong></p><p>BTC:</p><p>Market cap: $500B</p><p>Volume: $45B</p><p>Volume as % of Market Cap = 9%</p><p></p><p>ETH:</p><p>Market cap: $83B</p><p>Volume: $18B</p><p>Volume as % of Market Cap = 21.7%</p><p></p><p>Tether/USDT:</p><p>Market cap: $20B</p><p>Volume: $71B</p><p>Volume as % of Market Cap = 355%</p><p></p><p><strong>Compare to:</strong></p><p>AAPL:</p><p>Market cap: $2,320B</p><p>Volume: $13.7B</p><p>Volume as % of Market Cap = 0.59%</p><p></p><p>GOOG:</p><p>Market cap: $1,200B</p><p>Volume: $1.20B</p><p>Volume as % of Market Cap = 0.22%</p><p></p><p>AMZN:</p><p>Market cap: $1,650B</p><p>Volume: $11.57B</p><p>Volume as % of Market Cap = 0.70%</p></blockquote><p></p>
[QUOTE="cosine, post: 1414229, member: 10363"] Can anyone explain the scale of volume with cryptocurrencies compared to stocks? Why on earth are they SO high? How and why does 20%+ of ETH trade every single day? [B]From coinmarketcap:[/B] BTC: Market cap: $500B Volume: $45B Volume as % of Market Cap = 9% ETH: Market cap: $83B Volume: $18B Volume as % of Market Cap = 21.7% Tether/USDT: Market cap: $20B Volume: $71B Volume as % of Market Cap = 355% [B]Compare to:[/B] AAPL: Market cap: $2,320B Volume: $13.7B Volume as % of Market Cap = 0.59% GOOG: Market cap: $1,200B Volume: $1.20B Volume as % of Market Cap = 0.22% AMZN: Market cap: $1,650B Volume: $11.57B Volume as % of Market Cap = 0.70% [/QUOTE]
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