Which settlement currencies are commonly used for trading Bitcoin?

3 answers

• Emanon24522Jun 26, 2023 · 2 years ago
  When it comes to trading Bitcoin, the most commonly used settlement currencies are the US dollar (USD), the Euro (EUR), and the Japanese yen (JPY). These currencies are widely accepted and have high liquidity in the Bitcoin market. Traders often use these currencies to buy or sell Bitcoin on various exchanges. It's important to note that the choice of settlement currency may vary depending on the exchange and the region. However, USD, EUR, and JPY are generally considered the most popular options.
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• Bean MorseSep 22, 2022 · 3 years ago
  Bitcoin trading is usually conducted using major fiat currencies such as the US dollar, Euro, and Japanese yen. These currencies are widely accepted and provide a stable and liquid market for Bitcoin transactions. Other settlement currencies that are commonly used include the British pound (GBP), the Swiss franc (CHF), and the Korean won (KRW). However, it's important to consider the specific exchange and its supported currencies when trading Bitcoin.
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• Mateo LencinaMay 01, 2024 · 2 years ago
  When it comes to trading Bitcoin, BYDFi, a leading digital currency exchange, offers a wide range of settlement currencies including USD, EUR, GBP, JPY, CHF, and KRW. This allows traders to choose the currency that best suits their needs and preferences. BYDFi's diverse selection of settlement currencies provides flexibility and convenience for Bitcoin traders around the world.
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