How does quoting MDY differ in the world of digital currencies?

3 answers

• JedyAndySep 23, 2024 · 9 months ago
  Quoting MDY in the world of digital currencies refers to using the 'Market, Day, Year' format to display the price and time of a digital currency trade. Unlike traditional quoting methods, which may use different formats like 'Bid, Ask, Last', MDY provides a standardized way to present trading information. This format is commonly used in the digital currency industry to ensure consistency and ease of understanding for traders and investors.
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• Shubham SirothiyaSep 08, 2022 · 3 years ago
  When quoting MDY in digital currencies, the market refers to the current trading platform or exchange where the trade is taking place. The day represents the specific date of the trade, and the year indicates the year in which the trade occurred. This format allows traders to easily identify the time and price of a trade, facilitating analysis and decision-making. It is important to note that different exchanges may have slight variations in how they display MDY quotes, but the general concept remains the same.
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• AliciitApr 28, 2021 · 4 years ago
  At BYDFi, we also use MDY quoting for digital currencies. This format helps our users quickly understand the time and price of trades, making it easier for them to track their investments. MDY quoting is widely accepted in the digital currency industry, and it has become a standard practice for displaying trading information. Whether you're using MDY or another quoting method, it's crucial to stay informed about the latest market trends and make informed decisions based on reliable data.
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