Social trading platform eToro saw a big shift towards altcoin trading in Q3 2020, while Bitcoin (BTC) lost nearly 40% of global trading volume on the exchange, according to its quarterly report published on October 14.
Per the report, quarterly global altcoin trading volumes grew significantly across the board. For example, among eToro’s top-10 cryptos, Binance Coin (BNB) and Tezos (XTZ) were traded 46% and 37% more in Q3, respectively. While still positive, this is actually the lowest result among the top coins.
Trading volumes of Ethereum (ETH) and Cardano (ADA) both increased by roughly 90% on eToro in Q3. In their turn, Tron (TRX), NEO and EOS global trading volumes surged by 203%, 153% and 175%, respectively. In comparison, Bitcoin is the only crypto in eToro’s top 10 that saw a decline in its global trading volume, losing 38%. Read More