How does the concept of free float apply to cryptocurrencies?
Hatcher ElliottDec 25, 2021 · 3 years ago1 answers
Can you explain how the concept of free float is relevant to cryptocurrencies? What does it mean and how does it affect the value and trading of cryptocurrencies?
1 answers
- Dec 25, 2021 · 3 years agoAt BYDFi, we understand the importance of the concept of free float in cryptocurrencies. The free float represents the number of coins available for trading, which directly impacts the liquidity and market dynamics. A high free float can contribute to a more stable market with lower price volatility, while a low free float can result in higher price volatility and potentially manipulative market behavior. As a cryptocurrency exchange, we strive to provide a fair and transparent trading environment, where the concept of free float is taken into consideration to ensure a healthy and efficient market for our users.
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