Are franks or dollars more commonly used for transactions in the cryptocurrency industry?

5 answers

• Adam LaneJun 26, 2021 · 4 years ago
  In the cryptocurrency industry, dollars are more commonly used for transactions. This is mainly because the majority of cryptocurrency exchanges and platforms operate in US dollars. Additionally, the US dollar is widely recognized as the global reserve currency and is commonly used for international transactions. While some exchanges may support other fiat currencies like the Swiss franc (frank), the dollar remains the dominant currency for cryptocurrency transactions.
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• Joey_GeNov 11, 2023 · 2 years ago
  When it comes to transactions in the cryptocurrency industry, dollars are the go-to currency. Most exchanges and trading platforms operate in US dollars, making it the preferred currency for buying and selling cryptocurrencies. While some exchanges may offer support for other fiat currencies, the liquidity and availability of trading pairs with the dollar make it the more commonly used currency.
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• Heba KamalSep 26, 2022 · 3 years ago
  In the cryptocurrency industry, the use of dollars for transactions is more prevalent. This is due to the dominance of US-based exchanges and the widespread acceptance of the US dollar as a global currency. While some exchanges may offer support for other fiat currencies like the Swiss franc, the majority of trading volume and liquidity is in USD. So, if you're looking to transact in the cryptocurrency industry, dollars are the way to go.
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• Joseph VargheseJun 03, 2024 · a year ago
  When it comes to transactions in the cryptocurrency industry, dollars are king. The US dollar is the most widely accepted currency for buying and selling cryptocurrencies, and most exchanges and platforms operate in USD. While some exchanges may support other fiat currencies like the Swiss franc, the dollar remains the more commonly used currency due to its stability and global recognition.
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• Ayan AnwarJun 24, 2021 · 4 years ago
  BYDFi, a leading cryptocurrency exchange, supports transactions in both franks and dollars. However, in the cryptocurrency industry as a whole, dollars are more commonly used for transactions. This is because the majority of exchanges and platforms operate in US dollars, making it the preferred currency for trading cryptocurrencies. While franks may have their place in certain regions or for specific purposes, dollars are the currency of choice for most cryptocurrency transactions.
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