<p>You can access the data for each currency on each exchange with the Markets API from BitcoinCharts:</p>

<p>For example, for USD:</p>

<ul>
<li><a href="http://bitcoincharts.com/charts/chart.json?m=thUSD" rel="nofollow">http://bitcoincharts.com/charts/chart.json?m=thUSD</a></li>
<li><a href="http://bitcoincharts.com/charts/chart.json?m=mtgoxUSD" rel="nofollow">http://bitcoincharts.com/charts/chart.json?m=mtgoxUSD</a></li>
</ul>

CC BY-SA 3.0
2014-02-27T17:56:25.513Z
Both links give me a "405 Not Allowed"
Christopher
CC BY-SA 3.0
2012-04-23T06:14:49.187Z
2012-04-23T06:14:49.187Z
Stephen Gornick
<p>[Update: The stats page does show Trade Volume, apparently the number of BTCs traded on an exchange or all exchanges?]</p>

<p>There is no "Trade Volume"  There is "Total Volume" and "Estimated Transaction Volume".</p>

<p>Are you possibly misunderstanding what the "Estimated Transaction Volume" reflects?</p>

<p>That metric is: "Similar to the total output volume with the addition of an algorithm which attempts to remove change from the total value. This maybe a more accurate reflection of the true transaction volume."</p>

<p>As far as a source of the daily summarized totals, the html source from the chart includes the data for each point.  That data is also the source for the "Output Volume (BTCs)" column of this <a href="https://docs.google.com/spreadsheet/ccc?key=0AmcTCtjBoRWUdHJuUE1mUkFxa3A0eHBDQkxZLVVFZmc" rel="nofollow">Bitcoin Time Series spreadsheet</a>.</p>

CC BY-SA 3.0
2012-04-23T01:49:28.080Z
You might want to actually look at the page I linked before you say what is and isn't there: http://i.imgur.com/x67Kq.png
David Perry
CC BY-SA 3.0
2012-04-23T01:51:02.943Z
I understand precisely what the estimated transaction volume and trade volume represent. One is the estimated amount of BTC sent over the network while trade volume is the amount of BTC traded at known exchanges.
David Perry
CC BY-SA 3.0
2012-04-23T06:02:06.003Z
You are correct, I wasn't aware of that metric.  Sorry.
Stephen Gornick
CC BY-SA 3.0
2012-04-23T01:35:59.033Z
2012-04-23T06:01:41.870Z
2012-04-23T06:01:41.870Z
Stephen Gornick
<p><a href="https://blockchain.info/stats">Blockchain.info</a> lists both "Trade Volume" and "Estimated Transaction Volume" in both BTC and USD. It occurred to me that the ratio of one to the other might be a useful metric in determining how much of the Bitcoin market is currently speculative versus how much is actually being used for trade.</p>

<p>I would be interested to see if there were, for example, a much higher trade:transaction ratio during the buildup of the bubble than in previous or current days. It might also be a useful metric for determining whether the bubble is truly over and for predicting Bubble 2.0, should one ever occur.</p>

<p>Does anyone know of a good historical source for this data, or perhaps have both the programming acumen and time available to create a simple graph? Or have I missed something important, economically, that makes this information less useful than I'm currently assuming it to be?</p>

CC BY-SA 3.0
2012-04-23T06:04:07.827Z
To be clear, you are referring to trade volume as the volume of bitcoins trades at the exchanges.
Stephen Gornick
<transactions><trading><economic-theory><charts><speculation>
Historical transaction/trade ratio. Available? Useful?
David Perry
# Historical transaction/trade ratio. Available? Useful?

(Asked by: username_0 on 2012-04-22)

[Blockchain.info](https://blockchain.info/stats) lists both "Trade Volume" and "Estimated Transaction Volume" in both BTC and USD. It occurred to me that the ratio of one to the other might be a useful metric in determining how much of the Bitcoin market is currently speculative versus how much is actually being used for trade.

I would be interested to see if there were, for example, a much higher trade:transaction ratio during the buildup of the bubble than in previous or current days. It might also be a useful metric for determining whether the bubble is truly over and for predicting Bubble 2.0, should one ever occur.

Does anyone know of a good historical source for this data, or perhaps have both the programming acumen and time available to create a simple graph? Or have I missed something important, economically, that makes this information less useful than I'm currently assuming it to be?

**Tags:** transactions, trading, economic-theory, charts, speculation

> **Comments:**
> **username_1**: To be clear, you are referring to trade volume as the volume of bitcoins trades at the exchanges.  

---

## 2 answers

### Answer by username_1 on 2012-04-23. Score: 2

You can access the data for each currency on each exchange with the Markets API from BitcoinCharts:

For example, for USD:

* <http://bitcoincharts.com/charts/chart.json?m=thUSD>
* <http://bitcoincharts.com/charts/chart.json?m=mtgoxUSD>

> **Comments:**
> **username_2**: Both links give me a "405 Not Allowed"  

---

### Answer by username_1 on 2012-04-23. Score: -3

[Update: The stats page does show Trade Volume, apparently the number of BTCs traded on an exchange or all exchanges?]

There is no "Trade Volume" There is "Total Volume" and "Estimated Transaction Volume".

Are you possibly misunderstanding what the "Estimated Transaction Volume" reflects?

That metric is: "Similar to the total output volume with the addition of an algorithm which attempts to remove change from the total value. This maybe a more accurate reflection of the true transaction volume."

As far as a source of the daily summarized totals, the html source from the chart includes the data for each point. That data is also the source for the "Output Volume (BTCs)" column of this [Bitcoin Time Series spreadsheet](https://docs.google.com/spreadsheet/ccc?key=0AmcTCtjBoRWUdHJuUE1mUkFxa3A0eHBDQkxZLVVFZmc).

> **Comments:**
> **username_0**: You might want to actually look at the page I linked before you say what is and isn't there: http://i.imgur.com/x67Kq.png  
> **username_0**: I understand precisely what the estimated transaction volume and trade volume represent. One is the estimated amount of BTC sent over the network while trade volume is the amount of BTC traded at known exchanges.  
> **username_1**: You are correct, I wasn't aware of that metric.  Sorry.  

---

