How is the concept of 'day' defined in the world of digital currencies?

3 answers

• Dec 29, 2021 · 3 years ago
  The concept of 'day' in the world of digital currencies refers to a 24-hour period during which trading activities take place. The start and end of a day are typically determined based on the time zone of the exchange or platform where the trading occurs. For example, on Binance, a popular cryptocurrency exchange, a new day starts at 00:00 UTC. However, it's important to note that different exchanges may have different definitions of a day based on their specific time zones and operational practices. It's always recommended to check the exchange's official documentation or contact their support team for accurate information regarding their day definition.
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• Dec 29, 2021 · 3 years ago
  In the world of digital currencies, the concept of 'day' is often defined based on the Coordinated Universal Time (UTC) or the time zone of the exchange. This ensures consistency and uniformity across different platforms and prevents confusion due to varying time zones. The start and end of a day may vary slightly between exchanges, but it generally follows the UTC time. It's important for traders to be aware of the specific day definition of the exchange they are using to avoid any misunderstandings or miscalculations in their trading activities.
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• Dec 29, 2021 · 3 years ago
  When it comes to the concept of 'day' in the world of digital currencies, different exchanges may have their own definitions and practices. For example, at BYDFi, a digital currency exchange, a new day starts at 00:00 UTC+8. This means that the start and end of a day are based on the UTC+8 time zone. It's important for traders to be aware of the specific day definition of the exchange they are using, as it can affect their trading strategies and decisions. It's always recommended to refer to the exchange's official documentation or contact their support team for accurate information regarding their day definition.
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