What is the basis point formula used in cryptocurrency trading?

7 answers

• Om ChandraAug 26, 2021 · 4 years ago
  Sure! The basis point formula is a common metric used in cryptocurrency trading to measure the percentage change in the price of an asset. It is calculated by taking the difference between two prices and dividing it by the original price, then multiplying the result by 10,000. This gives the basis points, which represent a basis point as 0.01%. For example, if the price of a cryptocurrency increases from $100 to $105, the basis point change would be ((105-100)/100) * 10,000 = 500 basis points.
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• anouar marwaJan 02, 2024 · 2 years ago
  The basis point formula in cryptocurrency trading is a way to express small changes in percentage terms. It is calculated by taking the difference between two prices and multiplying it by 10,000. This gives the basis points, which represent a basis point as 0.01%. For example, if the price of a cryptocurrency increases from $100 to $101, the basis point change would be ((101-100)/100) * 10,000 = 100 basis points. It is a useful tool for traders to understand and compare price movements across different cryptocurrencies.
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• Kaas AbdiDec 03, 2022 · 3 years ago
  The basis point formula used in cryptocurrency trading is a simple calculation that helps measure the percentage change in price. It is calculated by taking the difference between two prices and multiplying it by 10,000. This gives the basis points, which represent a basis point as 0.01%. For example, if the price of a cryptocurrency increases from $100 to $110, the basis point change would be ((110-100)/100) * 10,000 = 1,000 basis points. It is commonly used by traders to analyze and compare price movements in the cryptocurrency market.
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• Makafui DeynuJan 01, 2021 · 5 years ago
  The basis point formula used in cryptocurrency trading is a way to express small changes in percentage terms. It is calculated by taking the difference between two prices and multiplying it by 10,000. This gives the basis points, which represent a basis point as 0.01%. For example, if the price of a cryptocurrency increases from $100 to $101, the basis point change would be ((101-100)/100) * 10,000 = 100 basis points. It is a useful tool for traders to understand and compare price movements across different cryptocurrencies.
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• Kaas AbdiApr 13, 2021 · 5 years ago
  The basis point formula used in cryptocurrency trading is a simple calculation that helps measure the percentage change in price. It is calculated by taking the difference between two prices and multiplying it by 10,000. This gives the basis points, which represent a basis point as 0.01%. For example, if the price of a cryptocurrency increases from $100 to $110, the basis point change would be ((110-100)/100) * 10,000 = 1,000 basis points. It is commonly used by traders to analyze and compare price movements in the cryptocurrency market.
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• Makafui DeynuFeb 07, 2022 · 4 years ago
  The basis point formula used in cryptocurrency trading is a way to express small changes in percentage terms. It is calculated by taking the difference between two prices and multiplying it by 10,000. This gives the basis points, which represent a basis point as 0.01%. For example, if the price of a cryptocurrency increases from $100 to $101, the basis point change would be ((101-100)/100) * 10,000 = 100 basis points. It is a useful tool for traders to understand and compare price movements across different cryptocurrencies.
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• Kaas AbdiOct 07, 2021 · 4 years ago
  The basis point formula used in cryptocurrency trading is a simple calculation that helps measure the percentage change in price. It is calculated by taking the difference between two prices and multiplying it by 10,000. This gives the basis points, which represent a basis point as 0.01%. For example, if the price of a cryptocurrency increases from $100 to $110, the basis point change would be ((110-100)/100) * 10,000 = 1,000 basis points. It is commonly used by traders to analyze and compare price movements in the cryptocurrency market.
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