Bitcoin Leads Binance Trading as Altcoin Volume Plunges 50%

On February 7, Bitcoin trading made up 36.8% of Binance’s total volume, surpassing Ethereum and sharply reduced altcoin activity.

BTC
ETH

Summary

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Terms & Concepts
  • Altcoin: Any cryptocurrency other than Bitcoin, often used to diversify portfolios or explore different blockchain projects.
  • Trading Volume: The total amount of an asset traded over a specific period, indicating market activity and liquidity.
  • Binance: A leading global cryptocurrency exchange offering a wide range of digital asset trading services.