Daily Trading Volume in the Cryptocurrency Market Reached Its Historical Maximum: CoinMarketCap Data

If to use data from the CoinMarketCap resource, today, on April 4, 2019, the cryptocurrency market recorded a historical maximum of daily trading volumes of 86.62 billion US dollars. It is worth noting that this is by 42% more than the previous maximum, which was in January 2018. But let`s not forget that the total capitalization of digital coins is now almost 4 times less than in January last year, for this reason, these figures look a bit fantastic.

It is also worth noting that quite recently the CoinMarketCap resource was implicated in a scandal that arose from the report of the company Bitwise Asset Management. It was told that more than 95% of trading volumes that are carried out on unregulated exchanges are untrue. After that, representatives of CoinMarketCap recognized that a similar problem took place, and also promised to introduce more universal metrics that would allow to solve it.

According to a similar analytical resource, OpenMarketCap, daily trading volume in the last 24 hours amounted to about 5.3 billion US dollars, which is almost 93.6% less than at CoinMarketCap. It is worth noting that OpenMarketCap takes its information only from proven cryptocurrency exchanges: Binance, Bittrex, Bitfinex, Bitstamp, Kraken, Coinbase Pro, Gemini, itbit, bitflyer, Poloniex, Changelly and Independent Reserve.

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