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Bitcoin is not a stock though. Forex markets do $5 trillion in daily volume against an $80 trillion base. For example.

Forex market are highly leveraged so it is better to compare them to Bitcoin Futures then. Bitcoin Futures have about $7 bil of volume today for $133 bil market cap (so the factor is similar). Obviously, trillions and billions are not on the same scale and I have no clue whether the factor should remain the same.

> Forex market are highly leveraged

Not really: spot and outright forwards are about $3tn of daily turnover in the OTC forex markets; with forex swaps amounting to about another $3.2tn.

There is about $100tn notional of OTC forex derivatives outstanding, but the actual total market value is only about $2.2tn. Exchange-traded forex futures and options have barely $170bn of daily average turnover of notional.

(all numbers courtesy of the Bank for International Settlements)

I mean, Bitcoin isn't a fiat currency, either. Banks trade forex for completely different use cases than people/orgs trade Bitcoin.

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