What is the difference between pips and points in crypto trading?
Potter MooreJun 04, 2022 · 3 years ago1 answers
In the world of crypto trading, there are terms like 'pips' and 'points' that are often used. What exactly do these terms mean and how do they differ from each other? Can you provide a clear explanation of the difference between pips and points in crypto trading?
1 answers
- Jun 04, 2022 · 3 years agoIn crypto trading, pips and points are two different ways to measure price movement. Pips are commonly used in forex trading and represent the smallest possible price change in a currency pair. However, in crypto trading, points can have different meanings depending on the exchange and the asset being traded. Some exchanges may use points to represent a one-hundredth of a cent, while others may have their own specific price increment. So, it's important to check the exchange's guidelines to understand how they define and use points in their trading platform.
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