Post
Topic
Board Altcoin Discussion
Re: Why is Volume measured in $?
by
Cryptock
on 16/01/2022, 22:01:10 UTC
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 that checking information on one exchange does not give a good picture of what is happening in the entire market. If you have doubts about the volume, you can check it on Coinmarketcap or Coingecko for comparison. In addition, there you can choose the currency in which you want to have such information.