Exchange Volume - what is it, and what is it used for?

Exchange Volume is, in simple words, correct statistics about how much money was sold and acquired over a certain period of time.

Digital currencies are used not only as a convenient means of payment, but also as an effective working tool for making a profit. Typically, activities involving the sale and purchase of cryptocurrencies are carried out considering several factors. One metric to take into account is Exchange Volume. Based on this information, you can draw logical conclusions regarding further development prospects in the chosen direction, more accurately determine profitability, and select suitable strategies to improve the indicator in the next reporting period.