Glossary - ChicksX

Trading Volume is the total quantity of cryptocurrency or fiat exchanged within a specific period on a platform.

Trading Volume is a critical metric in the financial markets, including crypto/fiat exchanges. It represents the total quantity of assets traded over a specific period, such as a day, week, or month. Higher trading volume indicates more activity and liquidity, meaning assets can be bought or sold with ease. It's crucial for traders as it reflects market interest and potential price volatility. For exchanges like ChicksX, high trading volume can signal trust and popularity among users. Understanding trading volume helps in making informed investment decisions and assessing the market's overall health.