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3rd most traded currency in the world Bnb XRP aave Bonk coinbase futures litecoin futures cardano futures

What is the most traded currency in the world?

The official currency of the United States of America, the US Dollar, is also the world’s primary reserve currency. The US Dollar comes in at number 1 on our list of the most traded currencies in the world, thanks to 87% of all currency trades involving the Greenback. Fun Fact: Then first US Dollar paper banknote was printed back in 1862.

What is the most traded currency in 2022?

The US dollar remained the world's dominant vehicle currency. It was on one side of 88% of all trades in April 2022, unchanged from the previous survey ( Graph 4 and Table 4 ). The next three most traded currencies – the euro, the Japanese yen and the pound sterling – retained their relative rankings.

What is the most traded currency in the forex market?

1. US dollar (USD) The US dollar is by far the most traded currency in the forex market, with a global daily average trading volume of about $6.6 trillion. In fact, USD takes such a large precedent in forex markets that all ‘major’ currency pairs in foreign exchange trading include the dollar.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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