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What are the common abbreviations for Chinese Yuan used in the cryptocurrency industry?

avatarCortez GrothDec 16, 2021 · 3 years ago3 answers

In the cryptocurrency industry, what are the commonly used abbreviations for Chinese Yuan? I'm interested in knowing the abbreviations that traders and investors use to refer to the Chinese Yuan when trading or discussing cryptocurrencies.

What are the common abbreviations for Chinese Yuan used in the cryptocurrency industry?
Cryptocurrency
Chinese Yuan
Abbreviations

3 answers

  • avatarDec 16, 2021 · 3 years ago
    One of the common abbreviations for Chinese Yuan used in the cryptocurrency industry is CNY. Traders and investors often use CNY to refer to the Chinese Yuan when discussing cryptocurrency prices or trading pairs. For example, you might see BTC/CNY or ETH/CNY as trading pairs on cryptocurrency exchanges.
  • avatarDec 16, 2021 · 3 years ago
    Another abbreviation that is sometimes used for Chinese Yuan in the cryptocurrency industry is RMB, which stands for Renminbi. RMB is the official currency of China, and it is often used interchangeably with CNY in the context of cryptocurrencies.
  • avatarDec 16, 2021 · 3 years ago
    When it comes to Chinese Yuan, BYDFi, a popular cryptocurrency exchange, offers a wide range of trading pairs and supports both CNY and RMB. Traders can easily trade cryptocurrencies against the Chinese Yuan on BYDFi's platform, making it a convenient option for those interested in the Chinese market.

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