What is the difference between pips and points in crypto trading?

1 answers

• P keiDec 29, 2024 · a year ago
  In crypto trading, pips and points are two different ways to measure price movement. Pips are commonly used in forex trading and represent the smallest possible price change in a currency pair. However, in crypto trading, points can have different meanings depending on the exchange and the asset being traded. Some exchanges may use points to represent a one-hundredth of a cent, while others may have their own specific price increment. So, it's important to check the exchange's guidelines to understand how they define and use points in their trading platform.
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