COSS exchange volume is an important metric to follow. Volume on any exchange is important as the higher it is, the more visible the exchange is and the higher potential the exchange has to earn a profit from fees.
The volume on COSS exchange is even more important than other exchanges due to the 50% fee split allocation (FSA) that it pays out on a weekly (soon to be daily) basis to COSS token holders.
High exchange volume on COSS means a greater fee share for holders of the COSS token. Because of this, keeping track of the volume on COSS is a good way for COSS holders to measure their investment’s performance.
Exchange volume data is typically compared by 24hr volume. The rate at which different sites measure the volume can vary greatly, so every method of measuring volume will give you a different result. Below are some of the best ways to measure COSS exchange volume.
Measure the Volume Manually
The most accurate way of measuring the volume is to do it yourself. The various methods below aren’t always up-to-date as it can take some time for new coins to be included in volume counts.
To measure the volume manually, you will need to be on a desktop or laptop PC. Then follow these steps below:
Manually measuring COSS exchange volume
- Head to the COSS exchange
Visit the COSS exchange page and click the pair dropdown to show all pairs. Make sure you are on the ‘ALL‘ tab to show all coin volumes.
- Copy the volume data
Starting from the name of the first pair, highlight all the pairs with volume (as shown above). Copy this selection to the clipboard (Ctrl-C).
- Open Excel or another spreadsheet program
With your spreadsheet program open, paste the data in (Ctrl-V).
- Find the sum of the volume column
In Excel, you can quickly find the sum by selecting the whole column. The sum will show in the bottom toolbar. You can also use the ‘Autosum’ feature by clicking the cell beneath the final entry and then selecting all the cells that have volume data.
The sum will be the total exchange volume. This value is in the currency you have selected in your COSS settings (default: USD). If you have selected anything other than USD, you will need to convert the value if you want to compare the volume to other sites which report volumes in USD.
View Volume Data on Exchange Ranking Websites
Link: COSS Exchange on Coinmarketcap
Coinmarketcap is the most well established coin/exchange rankings website. However, it does not include volumes from coins such as CFT and CELT. When compared to the manual volume recording, it reported a +0.4% difference in 24hr volume.
Link: COSS Exchange on Bitgur
Bitgur is a good alternative to checking COSS exchange volume as it reports the volume on the CFT pairs. However, the site is notorious for being slow to load exchange data. Sometimes refusing to serve exchange data at all. When compared to the manual volume recording, Bitgur was +2.8% higher.
Link: COSS Exchange on Coingecko
Coingecko is a lesser used alternative to Bitgur and Coinmarketcap. Its redeeming factor is that it has better exchange stats and previous volume data can be viewed at a wider range of resolutions. When compared to the manual volume data, it under reported at -0.3%.
The Community Made, Real-time Alternative
If you’re looking for a simple way to see the exchange volume in real time, look no further than Coss Volume. This site has one job and it does it well. It displays real-time 24hr volume data for the COSS exchange using the COSS API.
Sometimes, when new pairs are added or changed, the site may take a while to update. This can cause the price to freeze. But it makes a good screensaver on a second screen for COSS holders. Fun-fact, this website is on display at COSS headquarters.
If you’re looking for an all-in-one solution, where you can track volume, keep tabs on price, calculate potential earnings and follow official news channels, visit COSS-FSA.
This is another well-made community made site with the primary function of letting you calculate the potential earnings of the FSA
Volume on this site can be seen on the dashboard. It gives 24 hour, 7 day average and 7 day total volumes for the COSS exchange.