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What is the significance of bps in the context of cryptocurrency investments?

avatarshareeq TpDec 26, 2021 · 3 years ago1 answers

Can you explain the importance of bps (basis points) in relation to investing in cryptocurrencies?

What is the significance of bps in the context of cryptocurrency investments?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    Basis points, or bps, are an important metric in the world of cryptocurrency investments. They allow investors to compare the performance of different cryptocurrencies and make informed decisions. For example, if one cryptocurrency has a return of 150 bps and another has a return of 200 bps, the latter is considered to have a higher return. Bps provide a standardized way to measure small percentage changes, making it easier for investors to evaluate the potential returns of their investments. So, when considering cryptocurrency investments, keep an eye on the bps to make sure you're getting the best returns possible.