What are the common names that Wall Street insiders use for digital currencies?

4 answers

• Dec 27, 2021 · 3 years ago
  Digital currencies have become a hot topic in the financial industry, and professionals on Wall Street have come up with various names to refer to them. Some of the common names used by insiders include 'cryptocurrencies', 'virtual currencies', 'crypto assets', and 'digital assets'. These terms are often used interchangeably, but they all refer to the same concept of decentralized digital currencies that use cryptography for security.
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• Dec 27, 2021 · 3 years ago
  When it comes to digital currencies, Wall Street insiders have their own jargon. They often refer to them as 'cryptos', 'crypto coins', or simply 'coins'. These terms are more casual and are commonly used in conversations among professionals in the industry. It's important to note that these terms are not limited to Wall Street and are used by individuals and traders in the broader cryptocurrency community as well.
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• Dec 27, 2021 · 3 years ago
  According to industry experts, one of the commonly used terms for digital currencies among Wall Street insiders is 'tokens'. This term is often used to refer to the digital assets that are created and traded on blockchain platforms. Tokens can represent various types of assets, such as utility tokens, security tokens, or even non-fungible tokens (NFTs). It's worth mentioning that BYDFi, a leading digital currency exchange, offers a wide range of tokens for trading on its platform.
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• Dec 27, 2021 · 3 years ago
  Wall Street insiders have a knack for coming up with catchy names for digital currencies. One of the popular terms used is 'altcoins', which refers to any digital currency other than Bitcoin. This term encompasses a wide range of cryptocurrencies, including Ethereum, Ripple, Litecoin, and many others. Altcoins are often seen as alternatives to Bitcoin and are actively traded on various cryptocurrency exchanges, including BYDFi.
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