Binance is a cryptocurrency exchange that launched in 2017. The exchange is popular for its low trading fees and its wide selection of cryptocurrencies.
Binance 24h volume is the total value of all trades made on the Binance exchange in the past 24 hours. The 24h volume for a given cryptocurrency is calculated by taking the sum of all buy and sell orders for that cryptocurrency and multiplying it by the price of the orders.
The 24h volume is a good metric to use when evaluating the liquidity of a given cryptocurrency. Liquidity is important because it allows traders to buy and sell cryptocurrencies without having to worry about slippage (the difference between the expected price of a trade and the actual price at which the trade is executed).
NOTE: WARNING: 24h Volume in Binance is a measure of the total amount of crypto traded within the last 24 hours. It is important to note that 24h Volume should not be used as an indicator of market size or liquidity. The 24h Volume may not accurately reflect the actual trading volume or liquidity in the market. As such, investors should exercise caution when using this metric to make investment decisions.
A cryptocurrency with high liquidity will have a small spread (the difference between the bid and ask prices), while a cryptocurrency with low liquidity will have a large spread.
The 24h volume can also be used to gauge investor interest in a given cryptocurrency. If the 24h volume is increasing, it means that more people are buying and selling the cryptocurrency, which is generally indicative of positive investor sentiment.
Conversely, if the 24h volume is decreasing, it means that fewer people are trading the cryptocurrency, which is generally indicative of negative investor sentiment.
In conclusion, the 24h volume is an important metric to use when evaluating a cryptocurrency’s liquidity and investor interest.
10 Related Question Answers Found
Volume is one of the most important aspects of trading. It is simply the amount of a particular cryptocurrency that has been traded over a certain period of time. For example, if 100 BTC was traded on a particular exchange in a 24-hour period, then that would be considered as the volume for that exchange.
The order book on Binance is a list of all the buy and sell orders that have been placed for a particular cryptocurrency. The order book can be used to see the current market price of a cryptocurrency, as well as the volume of trading that has been taking place. The order book is an important tool for traders, as it can be used to help make decisions about when to buy or sell.
The Binance platform is a world-renowned cryptocurrency exchange that allows users to buy, sell, and trade a variety of digital assets. One of the most popular features of the Binance exchange is its daily limit, which is designed to help protect users from excessive losses. The daily limit on Binance is 2 BTC, or approximately $23,000 at current prices.
An order book is simply a list of all open orders and orders that have been filled for a particular trading pair on Binance. You can view the order book for any trading pair on Binance by clicking on the “Order Book” tab just below the candlestick chart on the trading page. Each entry in the order book lists the price at which someone is willing to buy or sell an asset, as well as the quantity they are willing to buy or sell at that price. .
A Binance is a cryptocurrency exchange that allows for the trading of digital assets and cryptocurrencies. It was founded in China in 2017, and its headquarters are currently in Malta. Binance is one of the most popular cryptocurrency exchanges, and it supports a variety of languages, including English, Japanese, Chinese, and Russian.
Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume. Binance was founded in July 2017 by Changpeng Zhao and Yi He.
In order to comply with Know Your Customer (KYC) requirements, Binance requires all users to provide proof of identity. This can be done by submitting photos of a government-issued ID, such as a passport or driver’s license. In some cases, additional documentation may be required, such as a utility bill or bank statement.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, could be making as much as $1 million per day in profit, according to a new report. The estimate comes from a blog post by The Block’s Larry Cermak, who crunched the numbers based on data from Binance’s quarterly report and public blockchain data. Cermak estimates that Binance made a profit of about $460 million in the first quarter of 2018, which would put its daily profit at around $1.27 million.
It can take up to two weeks for Binance US to verify your account. This process includes an initial review of your submitted KYC information, followed by an in-depth review of your identity documents. If everything is in order, you should receive an email notification within two weeks letting you know that your account has been verified.
Binance is a cryptocurrency exchange platform that was founded in 2017. The company is based in Malta and has offices in Tokyo, Jersey, and Hong Kong. Binance is the world’s largest cryptocurrency exchange with a daily trading volume of over $2 billion.
