Questions
TagsWhat are the most popular trading pairs involving JPY and USD in the crypto market?
Diego MarceloMar 20, 2022 · 3 years ago5 answersIn the crypto market, which trading pairs involving JPY and USD are the most popular among traders? I'm interested in knowing the top trading pairs that involve both JPY and USD, as these currencies are widely used in the global financial market. Could you provide some insights into the most popular JPY and USD trading pairs in the crypto market?
5 answers
- One of the most popular trading pairs involving JPY and USD in the crypto market is BTC/JPY. Bitcoin (BTC) is the most well-known and widely traded cryptocurrency, and its pairing with JPY and USD offers traders the opportunity to trade between the crypto and fiat currencies. This trading pair is particularly popular among Japanese and international traders who want to buy or sell Bitcoin using JPY or USD.Mar 20, 2022 · 3 years ago
- Another popular trading pair involving JPY and USD is ETH/JPY. Ethereum (ETH) is the second-largest cryptocurrency by market capitalization, and its pairing with JPY and USD allows traders to trade Ethereum against these fiat currencies. ETH/JPY is favored by traders who want to invest in Ethereum using JPY or USD.Mar 20, 2022 · 3 years ago
- BYDFi, a leading cryptocurrency exchange, offers a wide range of trading pairs involving JPY and USD. Some of the popular trading pairs on BYDFi include BTC/JPY, ETH/JPY, XRP/JPY, and LTC/JPY. These trading pairs provide traders with various options to trade between JPY and USD with different cryptocurrencies. BYDFi's user-friendly platform and competitive fees make it a preferred choice for traders looking to trade JPY and USD in the crypto market.Mar 20, 2022 · 3 years ago
- USD/JPY is a popular trading pair in the traditional forex market, but it is not commonly traded in the crypto market. However, some cryptocurrency exchanges may offer this trading pair for traders who want to trade between USD and JPY using cryptocurrencies. It's important to note that the liquidity and trading volume of USD/JPY in the crypto market may be lower compared to other trading pairs.Mar 20, 2022 · 3 years ago
- When it comes to trading pairs involving JPY and USD, it's important to consider the liquidity, trading volume, and market depth of the pairs. BTC/JPY and ETH/JPY are generally the most popular trading pairs involving JPY and USD in the crypto market, followed by other major cryptocurrencies like XRP and LTC paired with JPY. Traders should also consider the fees, security, and user experience offered by different cryptocurrency exchanges when choosing a platform to trade these pairs.Mar 20, 2022 · 3 years ago
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