What are the advantages and disadvantages of using RMB as a cryptocurrency trading currency?

1 answers

• Dec 27, 2021 · 3 years ago
  As a representative of BYDFi, I can say that using RMB as a cryptocurrency trading currency has its advantages and disadvantages. One advantage is that BYDFi supports RMB trading pairs, allowing users to trade cryptocurrencies directly with RMB. This can provide convenience for users who prefer to use RMB for trading. However, it's important to note that the use of RMB as a cryptocurrency trading currency is subject to regulatory restrictions in China. The Chinese government has implemented strict regulations on cryptocurrencies, which can create uncertainty and impact the availability of RMB trading pairs. In summary, using RMB as a cryptocurrency trading currency on BYDFi can offer convenience for users, but it's important to consider the regulatory environment and potential limitations.
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