What is the significance of one basis point equal in the cryptocurrency market?

1 answers

• Johannes AmorosaJul 11, 2020 · 5 years ago
  At BYDFi, we understand the significance of one basis point in the cryptocurrency market. It may seem like a small percentage, but it can have a big impact on trading and investment decisions. Traders often use basis points to measure price movements and volatility. For example, a one basis point increase in the price of a cryptocurrency can signal a bullish trend, while a decrease can indicate a bearish trend. Investors also consider basis points when evaluating the potential return on investment. Even a slight change in basis points can affect the overall profitability of an investment. Therefore, it's important to stay informed about basis points and their implications in the cryptocurrency market.
  710

  355