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Encrypted money market trading volume over 50 billion US dollars, has been flat with the New York Stock Exchange!


Today, the average daily trading volume of the cryptocurrency market in the world is on a par with the New York Stock Exchange.

Data provided by CoinMarketCap.com shows that the 24-hour trading volume in the cryptocurrency market has exceeded $ 50 billion.

This figure is equivalent to the average daily trading volume of the NYSE this year. The average daily trading volume on the London Stock Exchange is around £ 5 billion ($ 6.7 billion).

This comparison is not as accurate as the cryptocurrency market is closer to the foreign exchange market with an average daily trading volume of over $ 5 trillion.

However, this comparison can emphasize the popularity of the cryptocurrency market this year. Unlike foreign exchange markets, most cryptocurrency trades are small and retail-oriented, so it appears that the cryptocurrency market is more like a securities market (although some large institutions have already entered the market).

Bitcoin prices have risen by 1500% this year, and investors have also started pouring into the cryptocurrency market due to their high rates of return. Startups raise money by issuing ICO's own cryptocurrency, and the rise of this approach has created a vast array of digital assets for investors to choose from. Data provided by CoinMarketCap.com shows that there are over 1,300 cryptocurrencies currently in circulation.
However, many financial practitioners have expressed concerns about this not yet regulated market. Earlier this month, the UK's financial regulator reminded people that they should be prepared to lose all their money invested in bitcoin. In addition, JPMorgan Chase CEO Jamie Dimon also called cryptocurrency "scams."