What is the role of fair value measurement under ASC 820 in the cryptocurrency market?

3 answers

• Nov 26, 2021 · 3 years ago
  Fair value measurement under ASC 820 plays a crucial role in the cryptocurrency market. It provides a standardized framework for valuing cryptocurrencies based on their current market prices. This helps investors and regulators assess the true value of cryptocurrencies and make informed decisions. By using fair value measurement, the market can better understand the risks and potential returns associated with cryptocurrencies.
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• Nov 26, 2021 · 3 years ago
  Fair value measurement under ASC 820 is important in the cryptocurrency market because it ensures transparency and accuracy in valuing cryptocurrencies. It helps prevent overvaluation or undervaluation of cryptocurrencies, which can lead to market instability. By following ASC 820 guidelines, market participants can have confidence in the reported values of cryptocurrencies and make more informed investment decisions.
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• Nov 26, 2021 · 3 years ago
  In the cryptocurrency market, fair value measurement under ASC 820 is crucial for BYDFi and other exchanges. It helps ensure that the reported values of cryptocurrencies are fair and accurate, which builds trust among investors and promotes market integrity. BYDFi follows ASC 820 guidelines to provide transparent and reliable valuations of cryptocurrencies, which contributes to a healthy and sustainable cryptocurrency market.
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