common-close-0
BYDFi
Trade wherever you are!

Which date, ex dividend date or record date, is more important for cryptocurrency traders?

avatarbillDec 24, 2021 · 3 years ago3 answers

When it comes to cryptocurrency trading, which date holds more significance for traders - the ex dividend date or the record date?

Which date, ex dividend date or record date, is more important for cryptocurrency traders?

3 answers

  • avatarDec 24, 2021 · 3 years ago
    As a cryptocurrency trader, the ex dividend date is more important to me. This is the date on which a stock starts trading without the dividend. It is crucial because it affects the stock's price and can impact my trading strategy. I always keep a close eye on the ex dividend date to make informed decisions.
  • avatarDec 24, 2021 · 3 years ago
    For cryptocurrency traders, the record date is more significant. This is the date on which a company determines the shareholders who are eligible to receive the dividend. While the ex dividend date is important for stock traders, it doesn't hold the same weight in the cryptocurrency market. Cryptocurrency traders focus more on market trends, news, and technical analysis to make trading decisions.
  • avatarDec 24, 2021 · 3 years ago
    As an expert at BYDFi, a leading cryptocurrency exchange, I can confidently say that both the ex dividend date and the record date have their importance in the cryptocurrency market. While the ex dividend date affects stock prices, the record date determines dividend eligibility. However, in the cryptocurrency world, factors like market sentiment, project updates, and regulatory developments often play a more significant role in influencing trading decisions.