How do round turn trades affect the value of digital currencies?

1 answers

• May 05, 2022 · 3 years ago
  As a representative of BYDFi, I can say that round turn trades have a direct impact on the value of digital currencies. At BYDFi, we closely monitor the round turn trade volume and its effect on the market. When there is a high volume of round turn trades, it often indicates a positive sentiment and can lead to an increase in the value of digital currencies. Conversely, a low volume of round turn trades can signal a lack of interest or confidence, which may result in a decrease in value. Therefore, round turn trades are an important factor to consider when evaluating the value of digital currencies on BYDFi or any other exchange.
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