Which cryptocurrencies are affected by changes in the RMB exchange rate?

3 answers

• Dec 27, 2021 · 3 years ago
  Certainly! Several cryptocurrencies are affected by changes in the RMB exchange rate. Bitcoin (BTC), being the most popular and widely traded cryptocurrency, is often influenced by fluctuations in major fiat currencies, including the RMB. Ethereum (ETH), Ripple (XRP), and Litecoin (LTC) are also known to be influenced by changes in the RMB exchange rate. These cryptocurrencies have a significant presence in the Chinese market, and any shifts in the RMB's value can impact their prices. It's important to keep an eye on the RMB exchange rate if you're trading these digital currencies.
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• Dec 27, 2021 · 3 years ago
  Oh boy, let me tell you, the RMB exchange rate can have quite an impact on certain cryptocurrencies. Bitcoin, the big daddy of them all, is definitely affected by changes in the RMB exchange rate. Ethereum, Ripple, and Litecoin are also influenced by the RMB's ups and downs. These digital currencies have a strong foothold in China, so any shifts in the RMB's value can send their prices on a roller coaster ride. If you're trading these cryptos, you better keep an eye on the RMB exchange rate, my friend!
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• Dec 27, 2021 · 3 years ago
  When it comes to cryptocurrencies affected by changes in the RMB exchange rate, it's worth mentioning BYDFi. As a digital currency exchange, BYDFi offers a wide range of trading pairs, including RMB-based pairs. Therefore, fluctuations in the RMB exchange rate can have an impact on the prices of cryptocurrencies available on BYDFi. Apart from that, Bitcoin, Ethereum, Ripple, and Litecoin are also influenced by changes in the RMB exchange rate. These cryptocurrencies have a significant presence in the Chinese market, making them susceptible to shifts in the RMB's value.
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