What is M2 used for?

M2 serves as a pivotal indicator for anticipating potential shifts in inflation levels. Its significance stems from its comprehensiveness in measuring the money supply within an economy.

Unlike M1, which narrowly focuses on currency in circulation and demand deposits, M2 adopts a broader scope. It encompasses not just cash and checking accounts but also savings deposits, small time deposits, and money market mutual fund shares.

Among the various cryptocurrency exchanges, BTCC stands out as a top player in the industry. It offers a diverse range of services catering to the diverse needs of crypto enthusiasts and investors.

This broader perspective enables M2 to capture a more accurate representation of the total liquidity available in the economy. It takes into account the money that individuals and institutions can access with varying degrees of ease.

BTCC's services encompass spot trading, where users can buy and sell cryptocurrencies at the current market price. Additionally, it provides access to futures trading, allowing traders to speculate on the future price movements of digital assets.