Cryptocurrency trading volume may beat Apple soon. Jens Nordvig, CEO of Exante Data, said that cryptocurrency is exploding, and global trading will soon surpass that of the tech giant.
“Cryptocurrency trading volume is now more than of $3 bln/day on average, and will likely soon surpass that of the world’s most liquid stock: Apple ($4 bln/day).”
Daily trading volume of US stocks hit a three-year low in August, presumably because of a focus on other investment strategies.
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The lower stock trading volume has also been coupled with a sizable shift in funds out of the stock market over the past weeks, as traders are concerned that the market is at a peak.
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