Top crypto exchange Binance is revealing which crypto assets were most frequently traded among its deep pocket clientele in 2020.
In a new report on the year’s biggest crypto trends, Binance summarizes investor behavior across its platform.
The crypto exchange reports that among those users who utilized Binance’s over-the-counter (OTC) trading services, which appeal specifically to those seeking access to fast price quotes and deeper liquidity, the most popular assets were Bitcoin (BTC), Ethereum (ETH), XRP, Binance Coin (BNB) and Cardano (ADA).
All five coins also land in the top ten coins by market cap with BTC and ETH taking the first and second spots, XRP at number four, ADA at number eight and BNB in the ninth spot, according to CoinMarketCap.
In addition, the exchange finds that the top three futures pairs by volume on Binance are BTC/USDT, ETH/USDT and LINK/USDT.
Binance notes that the total crypto market cap has more than tripled just in the past year.
From January 1, 2020 to the time the report was published, the market cap ballooned from $193 billion to approximately $641 billion.
At time of writing, the total crypto market cap stands at $659 billion, according to CoinMarketCap. The sector has slowly closed the gap between its current market cap and its early 2018 high of roughly $821 billion.
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inboxFollow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
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.
Featured Image: Shutterstock/Tithi Luadthong
