What is the significance of bps in the context of cryptocurrency investments?

1 answers

• DaikensJan 03, 2024 · 2 years ago
  Basis points, or bps, are an important metric in the world of cryptocurrency investments. They allow investors to compare the performance of different cryptocurrencies and make informed decisions. For example, if one cryptocurrency has a return of 150 bps and another has a return of 200 bps, the latter is considered to have a higher return. Bps provide a standardized way to measure small percentage changes, making it easier for investors to evaluate the potential returns of their investments. So, when considering cryptocurrency investments, keep an eye on the bps to make sure you're getting the best returns possible.
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