Which foreign currencies are commonly used for trading digital assets?

3 answers

• Sebastian HillMar 14, 2021 · 4 years ago
  In the world of digital asset trading, the most commonly used foreign currencies are the US Dollar (USD), Euro (EUR), and Japanese Yen (JPY). These currencies are widely accepted and provide liquidity for trading various digital assets. Additionally, the British Pound (GBP) and Swiss Franc (CHF) are also frequently used in some trading platforms. It's important to note that the availability of different foreign currencies for trading digital assets may vary depending on the exchange or platform you choose to trade on. So, it's always a good idea to check the supported currencies before starting your trading journey.
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• rodericusAug 31, 2020 · 5 years ago
  When it comes to trading digital assets, you'll find that the US Dollar (USD) is the most commonly used foreign currency. This is because many digital asset exchanges and platforms are based in the United States, and USD serves as the primary currency for trading. However, it's worth mentioning that other major currencies like the Euro (EUR) and Japanese Yen (JPY) are also widely accepted and used for trading digital assets. So, whether you're trading Bitcoin, Ethereum, or any other digital asset, you'll likely come across these currencies in the trading pairs.
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• IDAFeb 04, 2023 · 2 years ago
  As an expert in the digital asset trading industry, I can tell you that the most commonly used foreign currencies for trading digital assets are the US Dollar (USD), Euro (EUR), and Japanese Yen (JPY). These currencies are widely accepted and provide liquidity for trading various digital assets. However, it's important to note that different exchanges and platforms may have different currency options available. For example, at BYDFi, a popular digital asset exchange, you can trade digital assets using not only USD, EUR, and JPY but also other major currencies like the British Pound (GBP) and Swiss Franc (CHF). So, if you're looking to trade digital assets, make sure to choose a platform that supports the currency you prefer.
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