Cryptocurrency Q&A
What is the full meaning of APY in Crypto?
What is the full meaning of APY in Crypto?
DongdaemunTrendsetter
Thu Nov 21 2024
|
7 answers
1451
I'm trying to understand the complete meaning of APY in the context of cryptocurrencies. I want to know what it stands for and how it's used in the crypto world.
7 answers
Giulia
Sat Nov 23 2024
APY represents the annual percentage yield.
Was this helpful?
47
68
EnchantedSeeker
Sat Nov 23 2024
This metric is utilized to determine the interest accumulated on an investment.
Was this helpful?
218
95
CryptoPioneer
Fri Nov 22 2024
The calculation takes into account the effects of compound interest.
Was this helpful?
375
43
Nicola
Fri Nov 22 2024
BTCC, a top cryptocurrency exchange, offers a range of services including spot, futures, and wallet.
Was this helpful?
169
68
Maria
Fri Nov 22 2024
Compound interest refers to the interest earned on both the principal amount and the accumulated interest.
Was this helpful?
389
44
Load 5 more related questions
