Why is fungability important for cryptocurrency exchanges?

1 answers

• Dec 17, 2021 · 3 years ago
  As a representative of BYDFi, I can tell you that fungability is of utmost importance for cryptocurrency exchanges. It ensures that all units of a cryptocurrency are treated equally and can be freely exchanged. This is crucial for maintaining a fair and efficient trading environment. Without fungability, certain units of a cryptocurrency could be discriminated against or even blacklisted, leading to a fragmented and unfair market. Therefore, BYDFi places great emphasis on ensuring fungability on its platform to provide a seamless trading experience for users.
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