How liquid are the major cryptocurrencies?

Dec 06 21:12 2017 Print This Article

We looked at recent and more historical trading volumes for some of the larger (by market cap) cryptocurrencies and compared them with select equities. Cryptocurrency liquidity is higher, and growing.

One of the key factors in creating confidence in a market is trading liquidity. Here we look at some individual stocks and cryptocurrencies to see you they compare in US$ trading volumes.

We took a look at some representative companies – Facebook (FB), Manulife Financial (MFC) and Canopy (WEED), representing a tech megacap, a stable large cap, and a high-flying industry leader in a hot space.

On the crypto side, we looked at Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Ripple (XRP). These are typically the largest cryptocurrencies (today MIOTA is larger than XRP; this may change).

There are two key takeaways:

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About Article Author

Cantech Letter

Founded in 2008 by Nick Waddell, Cantech Letter is an online magazine focusing on Canadian technology. The site has grown into one of the most popular and respected financial sites in Canada, and was described by Canadian Business Magazine as “one of Canada’s premier technology newsletters”. Waddell, who is Senior Editor, is routinely called on by the mainstream media for perspective on Canadian technology, and has been featured on BNN, CTV News Channel, and the CBC program “The Lang and O’Leary Exchange” in addition to mainstream print media such as The Guardian, The International Business Times, The Globe and Mail, Macleans, The Waterloo Record , Canadian Business, Slate, and Business Insider. You can email Nick at Cantech Letter is focused on those companies listed on the TSX and TSXV Technology, Cleantech and Life Sciences Sectors. Each year we present the Cantech Letter Awards, which honor Canada’s Top Technology Stock and Top Technology Stock Executive.

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