What are the advantages of using EUR/CNH as a trading pair in the cryptocurrency market?

1 answers

• itchMay 12, 2023 · 2 years ago
  When it comes to trading pairs in the cryptocurrency market, using EUR/CNH can offer unique advantages. One of the main benefits is the exposure to the Chinese market. China has a significant influence on the global economy and cryptocurrency market, and trading EUR/CNH allows investors to tap into this market. Additionally, the EUR/CNH pairing provides a balance between a fiat currency (EUR) and a non-fiat currency (CNH), which can help reduce the risks associated with trading only cryptocurrencies. Moreover, EUR/CNH is a major currency pair with high liquidity, which means that traders can easily enter and exit positions without significant slippage. Overall, using EUR/CNH as a trading pair in the cryptocurrency market can provide exposure to the Chinese market, diversification, and liquidity.
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