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Correction: low liquidity of the majority of cryptocurrencies/tokens. BTC has by far the best liquidity among the cryptocurrencies.
by kbody 7y ago
Correction: low liquidity of the majority of cryptocurrencies/tokens. BTC has by far the best liquidity among the cryptocurrencies.
- snazz 7y agoStill very low compared to normal markets, I would think.
- keymone 7y agoso is market cap
- buttcoinslol 7y agoYes. S&P 500 E-mini futures have a notional value of roughly $147,000 right now, and on average, 1-2 million contracts change hands daily. On average, about 35 billion dollars of SPY, a single S&P 500 ETF is traded daily. It's hard to find accurate BTC average daily volume numbers, but probably somewhere between 1 and 10 billion dollars daily. So yes, bitcoin is an extremely thin market compared to the market depth of 2 extremely liquid assets, both of which pale in comparison to the 550 billion USD daily volume of the treasuries market. BTC does have the tightest bid/ask spread of pretty much any asset that is traded, as a percentage of the asset's value. It's typically a penny to a few cents on the major exchanges, which is a few thousandths of a percent.
- kortilla 7y agoBest != good.
- keymone 7y agoi guess you need to define what "good" means in this context