$3bn 24h trading volume. Who trades so much Bitcoin??

Ticker

1 BTC = $6279.34 USD  (via Coinbase)
1 ETH = $203.57 USD  (via Coinbase)
1 LTC = $49.04 USD  (via Coinbase)
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Kryptous

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There's something I'm trying to understand.

So coinmarketcap says there's 3$bn of bitcoin traded daily. Even if 90% of that is washed – that still leaves $300m that changes hands every day, and that's excluding OTC (which is probably even bigger).

My question is – who makes up all this volume? Like what kind of entities?

On the selling side I'm guessing it's miners + anyone who gets paid in cryptos they don't want. But on the buying side? Retail investors are completely inactive – and institutional money is not yet in. Market makers and liquidity providers I get – but they must be making the market FOR someone? Who is that someone? Is it some sort of day trader?

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Kryptous

Crypto Coins News - Ratings - Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $6279.34 USD  (via Coinbase)
1 ETH = $203.57 USD  (via Coinbase)
1 LTC = $49.04 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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