RATE Group | How Cryptocurrency Trading Has Evolved in Recent Years
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How Cryptocurrency Trading Has Evolved in Recent Years

19 Feb How Cryptocurrency Trading Has Evolved in Recent Years

Posted at 02:19h in Cryptocurrency News by

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In the early days of blockchain, cryptocurrency trading was seen by many as merely exchanging a few dollars for Bitcoins (BTC). The birth of other tokens and the high volatility in cryptocurrencies have led many traders to speculate by buying a few coins through exchanges in hoping the value will increase for the sake of profit. 

The decision to switch to floating exchange rates was made in the second half of the last century, when it became clear to financial institutions that they could not provide the right amount of United States currency secured by a gold reserve. Thus, financial regulators abandoned the gold standard by adopting a system of floating exchange rates. This stage is perceived by many as the beginning of the emergence of the forex market.

Related: How to Trade Big Crypto Volumes, Explained

Comparison between forex trading and crypto trading market

Cryptocurrency trading is the exact opposite of forex and its options for owning an asset. On crypto exchanges, traders…

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