ETH: Spot Volume Share by Fiat Currency
Each national currency's share of ETH spot volume traded against fiat, in percent; the summary value is the share of currencies other than the US dollar.
Why use it. Volume levels rise and fall together with the market; shares show which region is doing the buying and selling. A rising non-dollar share means the move is led from outside the United States. How to read it. The bands add up to 100%. Read a band against its own history: a jump in one currency's share is that region trading harder than the rest.
Calculation. Each currency's US dollar volume (as in Spot Volume by Fiat Currency) divided by the sum over every currency, times 100. Venues and pairs read: Coinbase, Kraken and Bitstamp in US dollars, euros and pounds; Kraken also in yen, Australian and Canadian dollars and Swiss francs; Binance in euros, yen, Turkish lira, Brazilian reais, Argentine and Mexican pesos and Indonesian rupiah; Upbit and Bithumb in Korean won; bitbank in yen. Venues whose public data is not open to our reads (bitFlyer and Coincheck for yen, and several regional exchanges) are not included, so a currency's line is the volume on these venues, not the whole market in that currency. Stablecoin pairs are not fiat and stay in Spot Volume by Quote Currency. Each hour's coins traded are valued at our own ETH USD index for that hour (its typical price, (high + low + close) / 3); a day is the sum of its 24 hours. An hour is published once every pair has been read after it closed, so a venue that cannot be read delays the latest hours rather than shortening them. Starts 11 October 2026 at 02:00 UTC, 30 days before our first read (the hourly history the venues serve); collected hourly since.