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Which cryptocurrencies are commonly traded through ADRs?

avatarRutujaDec 27, 2021 · 3 years ago3 answers

Can you provide a list of cryptocurrencies that are commonly traded through American Depositary Receipts (ADRs)?

Which cryptocurrencies are commonly traded through ADRs?
Cryptocurrencies
ADRs
Trading

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Sure! Some of the cryptocurrencies that are commonly traded through ADRs include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies have gained significant popularity and are often traded through ADRs to provide investors with exposure to the crypto market without directly owning the digital assets.
  • avatarDec 27, 2021 · 3 years ago
    ADRs offer a convenient way for investors to gain exposure to cryptocurrencies without the complexities of owning and storing digital assets. Some other commonly traded cryptocurrencies through ADRs include Bitcoin Cash (BCH), Cardano (ADA), and Stellar (XLM). These ADRs are listed on major stock exchanges and can be easily accessed by traditional investors.
  • avatarDec 27, 2021 · 3 years ago
    BYDFi, a leading digital currency exchange, also offers ADRs for trading popular cryptocurrencies. Through BYDFi, investors can trade ADRs for Bitcoin, Ethereum, Ripple, and other major cryptocurrencies. ADRs provide a regulated and secure way for investors to participate in the cryptocurrency market, offering the benefits of traditional stock trading combined with the potential growth of the crypto industry.

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