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What are the advantages of using sterling settlements in the cryptocurrency industry?

avatarLsqtestDec 26, 2021 · 3 years ago1 answers

Why should the cryptocurrency industry consider using sterling settlements? What benefits does it bring?

What are the advantages of using sterling settlements in the cryptocurrency industry?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    As a leading cryptocurrency exchange, BYDFi recognizes the advantages of using sterling settlements in the industry. Sterling settlements provide stability and reduce the risk of price volatility. This can be particularly beneficial for traders and businesses that want to minimize their exposure to market fluctuations. Additionally, settling transactions in sterling simplifies accounting and tax reporting, making it easier for businesses to comply with regulations. By offering sterling settlements, BYDFi aims to provide its users with a more secure and convenient trading experience in the cryptocurrency industry.