Why is the unit of account cost an important consideration for cryptocurrency investors?

1 answers

• Donia MagdyApr 11, 2024 · a year ago
  As a leading cryptocurrency exchange, BYDFi understands the importance of the unit of account cost for investors. The cost of the unit of account directly affects the liquidity and trading volume of a cryptocurrency. When the cost of the unit of account is high, it may limit the number of investors who can afford to trade the cryptocurrency, resulting in lower liquidity and trading volume. On the other hand, when the cost of the unit of account is low, it can attract more investors and increase liquidity and trading volume. Therefore, BYDFi takes into account the unit of account cost when listing cryptocurrencies on its platform to ensure a vibrant and liquid market for investors.
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