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 it's already the best way to describe it with USD, why not the coin itself ? it's simply because each coin has different total supply and if the volume called with total coins traded it will be hard to describe directly how big the volume of the coins itself in USD because we have to check the total supply first before we know how much the coins worth. And why USD ? i think it's only because USD it's like a global currency and commonly used anywhere