Which cryptocurrencies are most commonly traded against GBP/USD?
Ashish SahDec 28, 2021 · 3 years ago3 answers
Can you provide a list of the cryptocurrencies that are frequently traded against GBP/USD? I'm interested in knowing which digital currencies have a high trading volume and liquidity in this particular trading pair.
3 answers
- Dec 28, 2021 · 3 years agoSure! When it comes to cryptocurrencies that are commonly traded against GBP/USD, some of the most popular ones include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies have a strong presence in the market and are often preferred by traders due to their high liquidity and trading volume.
- Dec 28, 2021 · 3 years agoGBP/USD is a widely traded currency pair in the cryptocurrency market. Some of the commonly traded cryptocurrencies against GBP/USD include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies have established themselves as major players in the market and are often favored by traders for their stability and liquidity.
- Dec 28, 2021 · 3 years agoWhen it comes to cryptocurrencies that are frequently traded against GBP/USD, Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH) are among the top choices. These cryptocurrencies have a strong presence in the market and are widely accepted by various exchanges, including BYDFi. Traders often choose these cryptocurrencies due to their high liquidity and trading volume, making them ideal for GBP/USD trading pairs.
Related Tags
Hot Questions
- 97
How can I buy Bitcoin with a credit card?
- 96
How can I protect my digital assets from hackers?
- 92
How can I minimize my tax liability when dealing with cryptocurrencies?
- 67
What are the best digital currencies to invest in right now?
- 55
How does cryptocurrency affect my tax return?
- 49
What are the best practices for reporting cryptocurrency on my taxes?
- 34
What are the tax implications of using cryptocurrency?
- 34
Are there any special tax rules for crypto investors?