What is the conversion rate from 1 bps to a percentage in the cryptocurrency market?

3 answers

• Patryk PersakOct 11, 2024 · a year ago
  To convert 1 basis point (bps) to a percentage in the cryptocurrency market, you simply divide it by 100. So, 1 bps is equal to 0.01%. This conversion is commonly used to express small changes in interest rates or price movements in the cryptocurrency market.
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• Jeevan . VJul 24, 2021 · 4 years ago
  Converting 1 basis point (bps) to a percentage in the cryptocurrency market is easy. Just divide it by 100. So, 1 bps is equal to 0.01%. This conversion is often used to measure small changes in interest rates or price fluctuations in the cryptocurrency market.
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• Johansson BankeJul 07, 2022 · 3 years ago
  When it comes to converting 1 basis point (bps) to a percentage in the cryptocurrency market, the process is quite simple. All you need to do is divide 1 by 100, which gives you 0.01%. This conversion is commonly used to represent small changes in interest rates or price movements in the cryptocurrency market. BYDFi, a leading cryptocurrency exchange, also follows this conversion method.
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