The US digital currency market appears to be larger than we expect

US stock exchanges deal with about 29 percent of the world’s global turnover – much more than previously thought because some undisciplined competitors abroad are inflating their volumes, according to estimates by a company that is setting up a fund to trade on the exchange.

The United States is the world’s second largest stock exchange by volume after Malta, Bitwise Asset Management found in a report. The company submitted to the Securities and Exchange Commission on 20 March seeking approval from the ETF. Argues that the figures indicating that the US deals with only 1% of investor trades are not accurate, and that the market is actually better organized than the prevailing belief.

Bitwise estimates of actual house turnover by housing
US trading platforms are the second after Malta

The US digital currency market appears to be larger than we expect

The company claims in its report that some Tadawul platforms have ballooned in volume to appear higher in the global rankings. This can help attract more users and raise fees. Bitwise concluded this, in part, by analyzing the volumes and prices reported by the platforms. While some show “natural patterns”, such as prices and differentials that move in a similar way, others are of a very private and highly suspicious nature, the authors wrote.

US stock exchanges, including Kraken and Coinbase, have been shown to show “consistent and intuitive patterns” and estimate they are dealing with a greater share of immediate trading than the amounts promoted by some competitors. Bitwise said that only 10 out of 81 major stock exchanges in the world – more than half of them in the United States – actually generate a large trading volume. This analysis excluded trading platforms in Korea because it has an isolated market due to local rules.

The size of the housing according to the housing
The US digital currency market appears to be larger than we expect

It is not known where most of the platforms are located

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