What is the equivalent of a basis point in the world of digital currencies?

3 answers

• Mar 19, 2022 · 3 years ago
  In the world of digital currencies, the equivalent of a basis point is referred to as a 'pips'. Pips are used to measure the smallest unit of price movement in a cryptocurrency pair. For example, if the price of Bitcoin increases by 10 pips against the US Dollar, it means that the price has moved by 0.0001 BTC. Pips are commonly used by traders to calculate profits and losses in cryptocurrency trading.
  405203
• Mar 19, 2022 · 3 years ago
  When it comes to digital currencies, a basis point is commonly known as a 'percentage point' or 'percentage change'. It represents a one-hundredth of a percent. For instance, if the price of Ethereum increases by 50 basis points, it means that the price has gone up by 0.5%. This term is often used in discussions about cryptocurrency price movements and market analysis.
  371124
• Mar 19, 2022 · 3 years ago
  In the world of digital currencies, the concept of a basis point is not commonly used. Instead, traders and investors usually refer to percentage changes or pips to measure price movements. However, it's important to note that different platforms and exchanges may use different terminology, so it's always a good idea to familiarize yourself with the specific terminology used by the platform you're trading on.
  412103