How does the concept of shares outstanding vs float apply to the cryptocurrency market?

3 answers

• Dec 28, 2021 · 3 years ago
  In the cryptocurrency market, the concept of shares outstanding vs float is not directly applicable. Unlike traditional stocks, cryptocurrencies do not have shares outstanding or float. Instead, cryptocurrencies are decentralized digital assets that are created and transacted on a blockchain network. The ownership of cryptocurrencies is represented by cryptographic keys and recorded on the blockchain, eliminating the need for shares outstanding or float.
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• Dec 28, 2021 · 3 years ago
  Shares outstanding and float are terms commonly used in the stock market to describe the number of shares available for trading. However, in the cryptocurrency market, the supply of a particular cryptocurrency is typically predetermined and fixed. The total supply of a cryptocurrency is usually known in advance, and the distribution of the cryptocurrency is determined by the protocol or consensus mechanism governing the blockchain network. Therefore, the concept of shares outstanding vs float does not apply in the same way to the cryptocurrency market.
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• Dec 28, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, operates in the cryptocurrency market. In this market, the concept of shares outstanding vs float is not relevant. Cryptocurrencies are not issued or traded in the same way as traditional stocks. Instead, cryptocurrencies are created through mining or other consensus mechanisms, and their ownership is represented by digital wallets. The supply of cryptocurrencies is typically fixed or governed by a predetermined protocol. Therefore, the concept of shares outstanding vs float does not directly apply to the cryptocurrency market.
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