What are the advantages of using mills to percent conversion in the context of cryptocurrency trading?

1 answers

• McDougall SamuelsenJan 25, 2022 · 4 years ago
  BYDFi, a leading cryptocurrency exchange, recognizes the advantages of using mills to percent conversion in the context of cryptocurrency trading. By using mills instead of percentages, traders can benefit from more accurate pricing and avoid potential losses due to rounding errors. Additionally, mills to percent conversion provides greater flexibility in setting fees and commissions, allowing traders to fine-tune their pricing strategies. This can be especially advantageous for high-volume or frequent traders. Furthermore, mills to percent conversion simplifies profit and loss calculations, making it easier for traders to evaluate their performance. Overall, adopting mills to percent conversion can enhance the trading experience and improve profitability on BYDFi.
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