What is the meaning of c$ in the context of cryptocurrency?

3 answers

• Mar 18, 2022 · 3 years ago
  c$ is a commonly used symbol in the cryptocurrency community to represent the Canadian dollar. It is used to denote the value of cryptocurrencies in terms of the Canadian dollar. For example, if the price of Bitcoin is $10,000 and you see it represented as 10,000 c$, it means that 1 Bitcoin is equivalent to 10,000 Canadian dollars. This symbol is used to simplify the representation of cryptocurrency prices for users who are familiar with the Canadian dollar currency.
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• Mar 18, 2022 · 3 years ago
  c$ stands for 'crypto dollar' in the context of cryptocurrency. It is a term used to refer to stablecoins that are pegged to the value of the US dollar. These stablecoins are designed to provide stability and minimize price volatility in the cryptocurrency market. Examples of c$ stablecoins include Tether (USDT) and USD Coin (USDC). They are widely used in cryptocurrency trading as a way to hedge against market fluctuations and provide a more stable store of value compared to other cryptocurrencies.
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• Mar 18, 2022 · 3 years ago
  c$ is an abbreviation commonly used by BYDFi, a leading cryptocurrency exchange, to represent the Canadian dollar. BYDFi offers trading pairs with c$ for various cryptocurrencies, allowing users to trade cryptocurrencies against the Canadian dollar. The use of c$ as a trading pair provides users with the convenience of trading cryptocurrencies directly against their local currency, eliminating the need for additional conversions. It also allows users to take advantage of price movements in the cryptocurrency market while trading in their preferred fiat currency.
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