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What is the meaning of FCNY in cryptocurrency trading pairs?

avatarSindhya FlexMDec 30, 2021 · 3 years ago3 answers

Can you explain the meaning of FCNY in cryptocurrency trading pairs? I've seen it mentioned in some exchanges, but I'm not sure what it stands for or how it is used.

What is the meaning of FCNY in cryptocurrency trading pairs?
Cryptocurrency
Trading Pairs
FCNY

3 answers

  • avatarDec 30, 2021 · 3 years ago
    FCNY stands for Fiat Chinese Yuan, which is the Chinese national currency. In cryptocurrency trading pairs, FCNY represents the value of Bitcoin or other cryptocurrencies in terms of Chinese Yuan. It is used to facilitate trading between cryptocurrencies and fiat currencies, allowing users to buy or sell cryptocurrencies using Chinese Yuan.
  • avatarDec 30, 2021 · 3 years ago
    FCNY is an abbreviation for Fiat Chinese Yuan. In cryptocurrency trading pairs, it is used to denote the value of cryptocurrencies in terms of Chinese Yuan. This allows traders to easily understand the price of cryptocurrencies in relation to the Chinese national currency and make informed trading decisions.
  • avatarDec 30, 2021 · 3 years ago
    FCNY, also known as Fiat Chinese Yuan, is used in cryptocurrency trading pairs to represent the value of cryptocurrencies in terms of Chinese Yuan. It is an important indicator for traders who want to buy or sell cryptocurrencies using Chinese Yuan. By monitoring the FCNY value, traders can assess the market trend and make strategic trading moves accordingly. At BYDFi, we provide real-time FCNY prices and trading pairs to assist our users in making informed trading decisions.

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