Number of daily cryptocurrency transactions 2019, by type

In the third quarter of 2019, the cryptocurrency Ethereum saw an average of 704,720 transactions daily. This was more than twice that of the more commonly known rival Bitcoin, which saw only 328,380 daily transactions in that quarter. Other leading cryptocurrencies saw less than a tenth the daily volume of Ethereum.

What kind of transactions were these?

Cryptocurrencies are digital currencies which owe their credibility to their technology rather than a central bank. Many of the transactions in this statistic involve cryptocurrency exchanges which exchange these coins for other currencies, including traditional currencies such as U.S. dollars or euros. In selected countries, Bitcoin ATMs also dispense the local currency in exchange for Bitcoin. However, few retailers accept that or any other cryptocurrency on a large scale.

Cryptocurrency as an investment

Many cryptocurrency enthusiasts point to the high market capitalization of their favorite cryptocurrencies. Also, the currency price is an important factor. The price volatility of Bitcoin and others attracts investors, hoping to buy low and sell high.

Average number of daily cryptocurrency transactions in 3rd quarter of 2019, by type

Thousand transactions
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Source

Release date

October 2019

Region

Worldwide

Survey time period

Q3 2019

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Statistics on "Cryptocurrencies"

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