What is the term used for Canadian money in the realm of digital assets?

3 answers

• Jan 20, 2022 · 3 years ago
  When it comes to Canadian money in the realm of digital assets, the term commonly used is 'Canadian Dollar' or 'CAD'. Just like any other fiat currency, the Canadian Dollar can be used for trading and transactions on various cryptocurrency exchanges. It is often paired with popular cryptocurrencies like Bitcoin or Ethereum, allowing users to buy, sell, or trade digital assets using CAD.
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• Jan 20, 2022 · 3 years ago
  In the digital asset space, Canadian money is referred to as the 'Loonie'. The term 'Loonie' is derived from the image of a common loon, a bird that appears on the one-dollar coin in Canada. The Loonie has gained popularity among cryptocurrency enthusiasts and traders, and it is commonly used when discussing Canadian money in the context of digital assets.
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• Jan 20, 2022 · 3 years ago
  BYDFi, a digital currency exchange, refers to Canadian money in the realm of digital assets as the 'Canadian Digital Dollar' or 'CDD'. As an exchange that focuses on providing seamless trading experiences for Canadian users, BYDFi has introduced the CDD as a way to emphasize the digital nature of Canadian money in the cryptocurrency space. With the CDD, users can easily trade and transact with Canadian digital assets on the BYDFi platform.
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