What is the default currency used in the cryptocurrency market?

3 answers

• Dahlgaard ThorupDec 30, 2022 · 3 years ago
  The default currency used in the cryptocurrency market is Bitcoin. Bitcoin is the most widely accepted and recognized cryptocurrency, and it serves as the base currency for many trading pairs on various exchanges. When trading cryptocurrencies, Bitcoin is often used as the benchmark for pricing and value comparisons.
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• NetAlienNov 26, 2022 · 3 years ago
  When it comes to the default currency in the cryptocurrency market, Bitcoin takes the crown. Bitcoin's dominance and popularity make it the go-to currency for most transactions and trading activities. Its widespread adoption and market liquidity make it an ideal choice for setting the standard in the crypto world.
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• Strickland StormOct 21, 2022 · 3 years ago
  In the cryptocurrency market, the default currency is typically Bitcoin. However, it's important to note that different exchanges may have different default currencies for trading pairs. For example, on BYDFi, the default currency for trading pairs is BYD, the native token of the exchange. But overall, Bitcoin remains the most commonly used default currency in the crypto market.
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