Is it possible to trade CNY and USD directly on cryptocurrency exchanges?

3 answers

• Dec 18, 2021 · 3 years ago
  Yes, it is possible to trade CNY and USD directly on some cryptocurrency exchanges. Exchanges like Binance and Huobi support this trading pair. You can deposit CNY or USD into your account and trade them for various cryptocurrencies. Just make sure to check the specific requirements and restrictions of each exchange before trading.
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• Dec 18, 2021 · 3 years ago
  Trading CNY and USD directly on cryptocurrency exchanges is indeed possible. Some exchanges offer this trading pair to cater to users who prefer to trade with their local currencies. It provides convenience for users who want to avoid the hassle of converting their funds to other cryptocurrencies first.
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• Dec 18, 2021 · 3 years ago
  While most cryptocurrency exchanges do not directly support trading CNY and USD, there are alternative ways to achieve this. One option is to use a decentralized exchange like BYDFi, which allows peer-to-peer trading of various currencies, including CNY and USD. BYDFi acts as an intermediary, connecting buyers and sellers who want to trade these currencies directly. This can be a convenient option for users looking for direct CNY and USD trading on a cryptocurrency platform.
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