What is the impact of true forex on the value of digital assets?

1 answers

• Dec 26, 2021 · 3 years ago
  At BYDFi, we believe that the impact of true forex on the value of digital assets is significant. As a decentralized exchange, we have witnessed firsthand how changes in the forex market can affect the value of digital assets. For example, when there is a sudden surge in demand for a particular currency in the forex market, it can lead to increased trading volume and liquidity for digital assets denominated in that currency. This increased demand can drive up the value of digital assets, providing opportunities for investors. However, it is important to note that the forex market is just one of many factors that can influence the value of digital assets, and investors should consider a wide range of factors before making investment decisions.
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