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Bitcoin exchange moves twice as much money in a day as the Spanish stock market in a month

Key facts:

Between spot and derivatives, Binance moved more than $ 80 billion in 24 hours.

In 24 hours, all exchanges move 5 times what the Spanish stock market does in a month.

Bolsas y Mercados Españoles (BME), the renowned Spanish stock exchange, traded in January 2021 just over 31,000 million euros (USD 37,000 million), a figure that the main bitcoin exchange can reach in just one day, only with the spot or retail market.

In a report published earlier this month, BME reported the movement of that amount of money throughout January, which represented a fall of almost 15% compared to the same month in 2020 and more than 1% compared to last December.

Meanwhile, the exchange with the highest volume in the market for bitcoin (BTC) and other cryptocurrencies, Binance, moved more than USD 37,000 million in the last 24 hours in the spot market, according to CoinMarketCap records.

Only Binance managed to move almost $ 38,000 in 24 hours. Source: CoinMarketCap.

Counting the derivatives market, Binance’s total trade in one day is over $ 80 billion. This is more than double that of a whole month of negotiations on the Spanish stock market, which shows the volume of capital in the cryptocurrency market today.

If we are governed by the same source, the cryptocurrency market in full moved almost USD 160,000 million in the last 24 hours, about 5 times what was traded in BME throughout the month of January.

The difference in volumes between the digital asset negotiations and the Spanish stock market only seems to support the sentiment that is being installed among investors, who are increasingly interested in bitcoin and other digital currencies.

However, the advantage of the cryptocurrency market is seen against small markets, such as Spain. If we expand to other larger markets, such as Nasdaq, we find volumes that are almost double that of all cryptocurrency exchanges. In the last week, on Nasdaq they have moved between USD 215,000 million and USD 256,000 million daily.

The rise of bitcoin vs. traditional markets

The growth margins of bitcoin compared to traditional markets are not only revealed by the trading volumes that we have exposed. Also historical returns give bitcoin an edge in the long run.

In just 12 years of existence, bitcoin has shown sustained growth in capitalization, gaining ground at a very rapid rate among the most highly valued assets worldwide.

Precisely, during the session this Friday, February 19, bitcoin, the main cryptocurrency in the market, became an asset of more than USD 1 trillion in capitalization. It achieved it after surpassing the mark of USD 53,700 per unit, as reported by CriptoNoticias in the morning.

Today, Passing a trillion dollars, we find BTC in the select group of assets that exceed that number. Currently, bitcoin is the eighth most valuable asset in the world, in part due to a large injection of institutional capital in recent months.

In total capitalization, bitcoin is only surpassed by the shares of Google, Amazon, Saudi Aramco, Apple and Microsoft; besides silver and gold. Precisely, this last precious metal is considered the best store of value in the world, although that narrative has also begun to change at a steady pace. Bitcoin is already seen by many as the long-term substitute for gold.