Binance Research: Bitcoin Trading Dominance Remained Above 40%

Updated : 2019-11-09T10:30:30

Citing from a report by Binance Research on Nov. 7, in October 2019, the Bitcoin trading dominance remained above 40%, at extremely high levels compared to the beginning of 2019. Meanwhile, the Bitcoin market dominance remained around 65-70% in October.

According to the report, Bitcoin trading dominance represents the respective volume contribution from Bitcoin trading, with BTC as a base currency, relative to the total spot volume on a platform (e.g. Binance) over a period of time.