Which trades make up more than half of all Bitcoin trades?

3 answers

• Eason YaoMar 22, 2025 · 3 months ago
  The trades that make up more than half of all Bitcoin trades are usually the ones involving major cryptocurrency exchanges such as Binance, Coinbase, and Bitfinex. These exchanges have high trading volumes and attract a large number of traders, resulting in a significant portion of Bitcoin trades. Additionally, trades involving Bitcoin futures and options also contribute to the majority of Bitcoin trades. These derivative products allow traders to speculate on the price of Bitcoin without actually owning the underlying asset. Overall, it's the combination of trades on major exchanges and derivative products that make up more than half of all Bitcoin trades.
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• Rehan JamSep 24, 2024 · 9 months ago
  When it comes to the trades that make up more than half of all Bitcoin trades, it's important to consider both spot trading and derivatives trading. Spot trading refers to the buying and selling of actual Bitcoin, while derivatives trading involves trading contracts based on the price of Bitcoin. Spot trading on major exchanges like Binance and Coinbase accounts for a significant portion of Bitcoin trades, as these exchanges have a large user base and high liquidity. On the other hand, derivatives trading, including futures and options, also plays a significant role in Bitcoin trading volume. These derivative products allow traders to speculate on the price of Bitcoin without actually owning the cryptocurrency. Therefore, a combination of spot trading on major exchanges and derivatives trading contributes to more than half of all Bitcoin trades.
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• not_so_coderJan 26, 2023 · 2 years ago
  According to a recent analysis, the majority of Bitcoin trades are made on major cryptocurrency exchanges such as Binance, Coinbase, and Bitfinex. These exchanges have a large user base and provide high liquidity, making them attractive for traders. Additionally, Bitcoin futures and options trading also contribute to a significant portion of Bitcoin trades. These derivative products allow traders to speculate on the price of Bitcoin without actually owning the cryptocurrency. It's worth noting that the specific trades that make up more than half of all Bitcoin trades may vary over time, as market conditions and trading preferences change. However, the dominance of major exchanges and derivative products is expected to continue in the foreseeable future.
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