Which cryptocurrencies are most commonly traded against USD in the Hong Kong market?
A ShaladiNov 30, 2021 · 3 years ago3 answers
In the Hong Kong market, which cryptocurrencies are frequently traded against USD?
3 answers
- Nov 30, 2021 · 3 years agoIn the Hong Kong market, some of the most commonly traded cryptocurrencies against USD include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies have a high trading volume and are widely accepted in the market. Traders often use USD as a base currency to buy and sell these cryptocurrencies due to its stability and global acceptance.
- Nov 30, 2021 · 3 years agoUSD is a popular trading pair for cryptocurrencies in the Hong Kong market. Bitcoin (BTC) is the most commonly traded cryptocurrency against USD, followed by Ethereum (ETH) and Ripple (XRP). These cryptocurrencies have a strong presence in the market and are highly liquid. Traders prefer to trade against USD as it provides a stable reference point for their transactions.
- Nov 30, 2021 · 3 years agoAccording to BYDFi, a leading cryptocurrency exchange, the most commonly traded cryptocurrencies against USD in the Hong Kong market are Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). These cryptocurrencies have a large user base and are widely recognized for their value and liquidity. Traders in Hong Kong often use USD as a trading pair due to its stability and global acceptance.
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