Bitcoin is increasingly becoming a formidable competitor to key traditional finance players based on key metrics like trading volume.
Data provided to Finbold by cryptocurrency trading simulator Crypto Parrot indicates that Bitcoin recorded an average daily trading volume of $36.7 billion between October 1 and October 11. The trading volume is at least two times higher than electric vehicle manufacturer Tesla which had $14.64 billion.
The volume is also at least three times higher than the $10.98 billion registered by Apple. Elsewhere, during the period, Amazon’s volume of $9.09 billion was four times less than Bitcoin’s. Microsoft’s trading volume of $7.13 billion was at least five times less than Bitcoin’s.