What are the implications of the number of quarters in a fiscal year for the cryptocurrency market?

1 answers

• Khanh BùiDec 10, 2024 · 8 months ago
  As a representative from BYDFi, a leading cryptocurrency exchange, I can say that the number of quarters in a fiscal year has minimal direct impact on the cryptocurrency market. The market is driven by various factors such as supply and demand, market sentiment, and regulatory developments. However, a longer fiscal year with more quarters can provide additional opportunities for companies to showcase their performance and attract investors. This increased transparency can contribute to a more mature and trustworthy market. It's important for companies to leverage these reporting periods effectively and provide accurate and timely information to investors. At BYDFi, we prioritize transparency and encourage our listed companies to adhere to best practices in financial reporting. We believe that a longer fiscal year can be beneficial for the overall growth and development of the cryptocurrency market.
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