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What is the default currency used in the cryptocurrency market?

avatarkutaevNov 27, 2021 · 3 years ago3 answers

In the cryptocurrency market, what is the currency that is commonly used as the default?

What is the default currency used in the cryptocurrency market?
Cryptocurrency
Default Currency
Digital Currency

3 answers

  • avatarNov 27, 2021 · 3 years ago
    The default currency used in the cryptocurrency market is Bitcoin. Bitcoin is the most widely accepted and recognized cryptocurrency, and it serves as the base currency for many trading pairs on various exchanges. When trading cryptocurrencies, Bitcoin is often used as the benchmark for pricing and value comparisons.
  • avatarNov 27, 2021 · 3 years ago
    When it comes to the default currency in the cryptocurrency market, Bitcoin takes the crown. Bitcoin's dominance and popularity make it the go-to currency for most transactions and trading activities. Its widespread adoption and market liquidity make it an ideal choice for setting the standard in the crypto world.
  • avatarNov 27, 2021 · 3 years ago
    In the cryptocurrency market, the default currency is typically Bitcoin. However, it's important to note that different exchanges may have different default currencies for trading pairs. For example, on BYDFi, the default currency for trading pairs is BYD, the native token of the exchange. But overall, Bitcoin remains the most commonly used default currency in the crypto market.

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