What is the MIC code for cryptocurrencies?

3 answers

• Dec 25, 2021 · 3 years ago
  The MIC code, short for Market Identifier Code, is a unique identification code used in financial markets to identify trading venues. It is similar to the ticker symbol used for stocks. However, the MIC code is not specific to cryptocurrencies but is used for all types of financial instruments. Each cryptocurrency exchange or trading platform has its own unique MIC code. It is used by financial institutions and traders to identify the venue where a particular cryptocurrency is traded. For example, the MIC code for Binance is BINA, while the MIC code for BYDFi is BYDF.
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• Dec 25, 2021 · 3 years ago
  The MIC code is like a secret code that helps financial institutions and traders identify where a cryptocurrency is being traded. It's kind of like a secret handshake that only insiders know. Each cryptocurrency exchange has its own unique MIC code, which is used to identify the exchange in the financial markets. So, if you want to know where a particular cryptocurrency is being traded, you just need to find out its MIC code and you'll have the answer.
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• Dec 25, 2021 · 3 years ago
  The MIC code, or Market Identifier Code, is a unique code assigned to each cryptocurrency exchange or trading platform. It is used to identify the venue where a particular cryptocurrency is traded. Think of it as the address of a cryptocurrency exchange. For example, the MIC code for Binance is BINA, while the MIC code for BYDFi is BYDF. When you see a MIC code associated with a cryptocurrency, it means that you can find it on the exchange with that MIC code. So, if you're looking to buy or sell a specific cryptocurrency, knowing its MIC code can help you find the right exchange to trade on.
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