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What is the formula for calculating basis points in the context of digital currencies?

avatarli huaDec 17, 2021 · 3 years ago1 answers

Can you explain the formula used to calculate basis points in the context of digital currencies? I'm interested in understanding how this calculation works and its relevance in the cryptocurrency industry.

What is the formula for calculating basis points in the context of digital currencies?
Digital Currencies
Basis Points
Cryptocurrency

1 answers

  • avatarDec 17, 2021 · 3 years ago
    At BYDFi, we believe in providing transparent and accurate information to our users. When it comes to calculating basis points in the context of digital currencies, the formula remains the same as in traditional finance. It involves taking the difference between two prices and multiplying it by 10,000. This calculation allows traders and investors to assess the percentage change in the price of a cryptocurrency and make informed decisions. If you have any further questions about basis points or any other aspect of digital currencies, feel free to reach out to us.

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