How does the market street affect the price of digital currencies on CEX platforms?

1 answers

• Mar 20, 2022 · 3 years ago
  At BYDFi, we understand the importance of the market street in determining the price of digital currencies on CEX platforms. The market street represents the collective behavior and sentiment of traders and investors, which directly impacts the supply and demand dynamics of digital currencies. As a result, the market street plays a crucial role in price discovery. CEX platforms like ours closely monitor the market street and provide real-time pricing information to enable users to make informed trading decisions. It's essential for traders to analyze the market street and consider its impact on digital currency prices before executing trades.
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