I noticed something weird while checking out an exchange. They have two volume indicators: one just says volume and the other is trading volume. I get trading volume, but what's the deal with just volume? Anyone else noticed this?
Not sure if this is it, but I think volume differences might relate to market cap or how coins are currently trading. Like, BTC probably has a higher potential volume than alts since it’s got more demand and less volatility.
I’ve been looking for answers, but it’s kinda confusing. Are you referring to that 24-hour volume at the top and the bars at the bottom of the chart? What exchange are you using? A screenshot could help!
From a spot trading view, the one marked as Volume is the actual amount of BTC or whatever traded in those 15 minutes. The other one, trading volume, shows how much that’s worth in USDT. For perpetual contracts, it's similar but refers to contract quantities.
I think they define different things. One is the exchange trading volume for that specific coin, while the other is the market volume overall. We should check the same coins across other exchanges to see if they match up.
Just read what Bitcoin_Arena said. Pretty much nailed it. Volume is in coin amount, trading volume is in USDT. Both represent the same thing but just in different units.
Volume is literally the number of coins traded. Trading volume reflects the value in USD. Like, a $10 investment buys a ton of cheap coins, but just a fraction of something like Bitcoin. For example, if $100K is traded in both BTC and some alt, the trading volume is the same, but volume will differ massively.