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What factors affect the trading probabilities of digital currencies?

avatarEric in North HollywoodDec 21, 2021 · 3 years ago1 answers

What are the main factors that influence the likelihood of trading digital currencies?

What factors affect the trading probabilities of digital currencies?

1 answers

  • avatarDec 21, 2021 · 3 years ago
    At BYDFi, we believe that the trading probabilities of digital currencies are influenced by a combination of factors. Market demand and overall sentiment are important drivers of trading probabilities. Additionally, the liquidity and availability of trading pairs can impact the trading probabilities of digital currencies. It's also worth noting that the trading probabilities can vary across different exchanges, as each exchange has its own user base and trading volume. Therefore, it's important for traders to consider these factors when assessing the trading probabilities of digital currencies.