Cryptocurrency Q&A
What does apy mean in Coinbase?
What does apy mean in Coinbase?
CryptoBaron
Sun Nov 17 2024
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6 answers
1304
I'm trying to understand a term I saw on Coinbase. It's 'APY'. I want to know what it stands for and how it's relevant in the context of Coinbase or cryptocurrency generally.
6 answers
alexander_watson_astronaut
Tue Nov 19 2024
On the other hand, APY takes into account the effect of compounding interest, which means the interest earned on an investment is added to the principal balance, and subsequent interest is earned on the new, higher principal balance.
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KimonoGlitter
Tue Nov 19 2024
Both APR and APY are crucial for evaluating the profitability of various cryptocurrency investments.
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SamsungShine
Tue Nov 19 2024
Cryptocurrency investors often need to understand potential compensation to make well-informed decisions.
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Tommaso
Tue Nov 19 2024
Two important metrics in the cryptocurrency market are the Annual Percentage Rate (APR) and the Annual Percentage Yield (APY).
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CryptoTitan
Tue Nov 19 2024
BTCC, a top cryptocurrency exchange, offers a range of services to its users. These services include spot trading, futures trading, and a wallet for storing cryptocurrency.
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