What is the formula for calculating basis points in the context of digital currencies?
Julio TomitaMay 01, 2022 · 3 years ago1 answers
Can you explain the formula used to calculate basis points in the context of digital currencies? I'm interested in understanding how this calculation works and its relevance in the cryptocurrency industry.
1 answers
- May 01, 2022 · 3 years agoAt BYDFi, we believe in providing transparent and accurate information to our users. When it comes to calculating basis points in the context of digital currencies, the formula remains the same as in traditional finance. It involves taking the difference between two prices and multiplying it by 10,000. This calculation allows traders and investors to assess the percentage change in the price of a cryptocurrency and make informed decisions. If you have any further questions about basis points or any other aspect of digital currencies, feel free to reach out to us.
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