Which forex crosses are most commonly used by cryptocurrency traders?

3 answers

• Nov 29, 2021 · 3 years ago
  As a cryptocurrency trader, I can tell you that the most commonly used forex crosses by cryptocurrency traders include BTC/USD, ETH/USD, and LTC/USD. These pairs are widely traded and have high liquidity, making them popular choices among cryptocurrency traders. Additionally, other popular forex crosses include XRP/USD, BCH/USD, and EOS/USD. These pairs are often traded on major cryptocurrency exchanges and provide opportunities for traders to profit from the price movements of cryptocurrencies against the US dollar.
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• Nov 29, 2021 · 3 years ago
  When it comes to forex crosses commonly used by cryptocurrency traders, BTC/USD is undoubtedly the most popular pair. Bitcoin being the largest and most well-known cryptocurrency, it is often used as a benchmark for trading other cryptocurrencies. ETH/USD and LTC/USD are also widely traded pairs, as Ethereum and Litecoin are among the top cryptocurrencies in terms of market capitalization. Traders often look for opportunities to trade these pairs based on technical analysis and market trends.
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• Nov 29, 2021 · 3 years ago
  According to data from BYDFi, a popular cryptocurrency exchange, the most commonly used forex crosses by cryptocurrency traders are BTC/USD, ETH/USD, and XRP/USD. These pairs offer high liquidity and are frequently traded on the exchange. Traders often use these pairs to hedge their cryptocurrency positions or speculate on the price movements of cryptocurrencies against the US dollar. It's important to note that the popularity of forex crosses may vary among different exchanges, so it's always a good idea to check the trading volume and liquidity of a pair before trading.
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