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Which digital currencies are commonly traded against USD and CAD in the forex market?

avatarKhashayar AboliDec 25, 2021 · 3 years ago3 answers

Can you provide a list of digital currencies that are frequently traded against USD and CAD in the forex market? I'm interested in knowing which cryptocurrencies are commonly paired with these fiat currencies for trading purposes.

Which digital currencies are commonly traded against USD and CAD in the forex market?
Digital Currencies
Forex Market
USD

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Sure! In the forex market, some of the commonly traded digital currencies against USD and CAD include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies have established themselves as popular choices for traders due to their liquidity and market acceptance.
  • avatarDec 25, 2021 · 3 years ago
    Well, when it comes to trading digital currencies against USD and CAD in the forex market, you'll find that Bitcoin (BTC) is the most commonly traded cryptocurrency. Ethereum (ETH) and Ripple (XRP) are also quite popular. Other digital currencies like Litecoin (LTC) and Bitcoin Cash (BCH) are also frequently paired with USD and CAD for trading purposes.
  • avatarDec 25, 2021 · 3 years ago
    BYDFi, a leading digital currency exchange, offers a wide range of trading pairs with USD and CAD. Some of the popular digital currencies traded on BYDFi against USD and CAD include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). Traders can take advantage of BYDFi's user-friendly platform and competitive fees to trade these cryptocurrencies against USD and CAD.

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