Cryptocurrency Q&A
What does APY mean in crypto trading?
What does APY mean in crypto trading?
BonsaiVitality
Mon Nov 18 2024
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6 answers
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APY in crypto trading refers to the annual percentage yield, which is the rate of return on investment over a year, taking into account the effect of compounding. It's a measure of how much profit an investor can expect to earn from staking or other similar crypto investment strategies.
6 answers
Dario
Wed Nov 20 2024
In the context of crypto investments, APY serves a similar function.
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Caterina
Wed Nov 20 2024
APY is an acronym that stands for annual percentage yield.
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Silvia
Wed Nov 20 2024
It is a widely recognized term in the realm of traditional finance.
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Chiara
Wed Nov 20 2024
The purpose of APY is to quantify the interest earnings from assets.
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SophieJones
Tue Nov 19 2024
It indicates the annualized rate of return on a crypto investment.
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