Post
Topic
Board Beginners & Help
Re: Market capitalization of crypto approaches forex market capitalization
by
Poker Player
on 12/04/2021, 04:24:39 UTC
Crypto market capitalization is currently $2trilliion gradually trying to meet up with the daily volume market capitalization of the forex market worth over $6.6 triiiion and still counting.

FTFY

You are comparing apples to oranges.

The cryptocurrency market capitalization (the hypothetical sum of the values of all cryptocurrencies) is about $2 trillion. However, the daily volume of the forex is market is $6.6 trillion. Market cap and daily volume are not the same things.

The daily volume of the cryptocurrency markets (according to coinmarketcap.com) is $0.14 billion, which is less than 1/14th of the forex daily volume.

LOL. Yes. Moreover, there is no market cap as such in the forex market, but if we want to compare to market cap we could use the global forex trading market.  It is somewhere between $1,934 trillion and $2409 trillion, depending on the source.