How does the Sydney session affect the trading volume of digital currencies?

1 answers

• May 05, 2022 · 3 years ago
  At BYDFi, we have observed that the Sydney session does have an impact on the trading volume of digital currencies. As a global digital currency exchange, we see increased trading activity during the Sydney session, especially from traders in the Asia-Pacific region. The time zone overlap with other major financial centers, such as Tokyo and Singapore, further amplifies the trading volume during this session. Additionally, the Sydney session often coincides with important news releases and economic events, which can significantly influence trading volume. Traders tend to react to these events, leading to increased trading volume. Therefore, it is essential for traders to consider the Sydney session when planning their trading strategies in the digital currency market.
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