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June 25, 2018

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

By Daily Hodl Staff

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).

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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.

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

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