Why is the 'JPY' code widely used in the digital currency industry?

3 answers

• Mar 18, 2022 · 3 years ago
  The 'JPY' code is widely used in the digital currency industry because it represents the Japanese yen, which is one of the most traded fiat currencies in the world. As Japan is a major player in the cryptocurrency market, many exchanges and platforms use the 'JPY' code to denote trading pairs involving the Japanese yen. This helps users easily identify and trade digital assets against the Japanese yen.
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• Mar 18, 2022 · 3 years ago
  The 'JPY' code is popular in the digital currency industry due to the significant trading volume of the Japanese yen. With Japan being a technologically advanced country and having a favorable regulatory environment for cryptocurrencies, it has attracted a large number of cryptocurrency traders and investors. As a result, the 'JPY' code has become widely recognized and used in the industry for trading pairs involving the Japanese yen.
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• Mar 18, 2022 · 3 years ago
  In the digital currency industry, the 'JPY' code is widely used to represent the Japanese yen, which is a major fiat currency in the global economy. Many cryptocurrency exchanges, including BYDFi, offer trading pairs with 'JPY' to cater to the demand of traders who want to trade digital assets against the Japanese yen. The 'JPY' code has gained popularity and recognition due to the prominence of the Japanese economy and its active participation in the cryptocurrency market.
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