Dear Valuable Reader,

Have you ever wondered which currencies receive the most trading action? The data for the following chart comes from a survey done every three years by the Bank of International Settlements (BIS).
Note that trading volume adds up to 200%, because each currency trade has a pairing.



The Chinese Yuan is now the 8th most traded currency in the world, for a total share of 4.0%.
That means its share has doubled since the 2013 BIS report:



But what is bitcoin’s trading volume like, relative to other currencies?

Bitcoin: In the last 30 days, about $3 billion of bitcoin has been traded, which averages out to $100 million per day.

Other Currencies:
The total amount of forex transactions per day is $5.1 trillion. The estimated daily turnover of just the Chinese yuan is $202 billion per day.

That means that the yuan has approximately 2,000x the volume traded of bitcoin, while total forex is 51,000x the size. In other words, bitcoin has a way to go to become one of the world’s most traded currencies.

Almost the traders in the world are trading now EUR/USD , which came in the 1st rank in 2016 for the most traded pair, by which reflects that it is the most volume of money flow transactions in the forex market which is the top in the money flow among the world stock markets ever, so EURUSD is the fastest pair to trade and to gain capitals.

Best Regards
Translate to English Show original