GMO Coin, which operates the virtual currency exchange, looks back on March 26, 2019, when the exchange started handling Altcoins from March 30, 2018 to 2019, and Altcoin in the virtual currency FX of the exchange customer Ripple [XRP], Litecoin [LTC], Bitcoin Cash [BCH], and Ethereum [ETH] trading trends were disclosed.

With GMO Coin's virtual currency FX, leverage transactions can be made with four altcoins such as Bitcoin and Japanese yen currency pairs. The disclosed trading trends are the aggregation results for only altcoins.

XRP is the one that has the largest transaction amount during the year and seven months since the start of handling altcoin in virtual currency FX. XRP became the most traded stock in all months except April 2019. By the way, BTH was the top in April 2019, and XRP was second.

In the June-December 2018 transaction, XRP recorded 89% of the total transaction value in October, the highest transaction value for the entire year and seven months. The rise started in September and has been over 80% for two months.

Of note in the first half of 2019 [January to June] is the April BCH breakthrough. In just a month, BCH has gained a 48% share of the total. XRP is second, but at a low overall ratio of 35%, XRP's share was a record low throughout the entire period.

In the second half of 2019 [July-December], while XRP topped the list almost steady, BCH again showed a strong growth of 22% in November. By the way, BCH is updated regularly in May and November every year. There is no firm basis, but it appears that the growth of BCH is strangely linked to the timing.


editor

Shane is an economics and mathematics double major with a keen eye for the financial world. His understanding of the current economic model of different countries is enlightening and he aims to bring that impressive knowledge and experience into his writing. He is currently exploring writing about different genres within the entertainment, business and cryptocurrency sphere and aims to bring diversity in his writing.

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