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69% of Crypto Trading Volume Dominated by BTC, ETH, XRP, BCH, LTC and USTD: Report

by Daily Hodl Staff
June 25, 2018
in Trading
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
‎‎‎ ‏‏‎

Despite the huge number of coins on the market, a new report shows 69% of all cryptocurrency trading volume worldwide is dominated by just six cryptocurrencies.

Diar, a digital assets and regulation trade publication, says those six coins are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC) and Tether (USTD).

The report also finds that nearly half of all coins on the market have very little liquidity.

A snapshot on June 18, 2018 shows that roughly 1,600 coins had $12 billion in trading volume, with 803 coins moving less than $10,000 in trading volume.

Related: China’s New Crypto Ratings Index: EOS and NEO Rise, Ethereum Falls

 
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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