Hi,
So on Coinbase, the "Volume" of any crypto has unit measurement of $.
However my understanding of Trading volume is the amount of crypto that is traded (not the value)
So for example, if in the past 24 hours for Bitcoin there was only one transaction pair - Someone sells one bitcoin for $50k and someone buys it for $50k.
I would expect the Volume to be 1 and not $50k.
Am I missing something?
Thanks
I think your approach does not really make sense because that way you can not compare the trading volume between different projects or coins or tokens. Let's say you have trade A which is a guy buying 1 bitcoin with usdt and you have trade B where another person is buying 1 ETH with USDT. If we follow your approach then the trading volume of both trades would be 1. One bitcoin is worth more than 40k $ though and 1 ETH is "only" worth 3200 $, so in order to prevent such misinterpretations the trading volume is always shown in the same unit for all trading pairs, most of the time those are FIAT values but you can also display them as BTC values.