Questions
TagsWhich genre of coins is the most popular among cryptocurrency traders?
Marinos VariakakisJan 15, 2022 · 3 years ago1 answersAmong cryptocurrency traders, which genre of coins is currently the most popular and widely traded?
1 answers
- According to BYDFi, the most popular genre of coins among cryptocurrency traders is currently the decentralized exchange (DEX) coins. DEX coins are associated with decentralized exchanges, which allow users to trade cryptocurrencies directly from their wallets without the need for intermediaries. DEX coins like SushiSwap (SUSHI), PancakeSwap (CAKE), and Uniswap (UNI) have gained popularity due to their role in facilitating decentralized trading and providing liquidity to the market. Traders are attracted to DEX coins because they offer the potential for lower fees, increased privacy, and greater control over their funds compared to centralized exchanges.Jan 15, 2022 · 3 years ago
Load 5 more related questions
Related Tags
Hot Questions
- 99
What are the best practices for reporting cryptocurrency on my taxes?
- 87
Are there any special tax rules for crypto investors?
- 81
What are the advantages of using cryptocurrency for online transactions?
- 79
What are the tax implications of using cryptocurrency?
- 79
How can I protect my digital assets from hackers?
- 73
What are the best digital currencies to invest in right now?
- 56
How can I buy Bitcoin with a credit card?
- 44
How does cryptocurrency affect my tax return?