Cryptocurrency Q&A
What is the rate of cryptocurrency in UAE?｜The current price of Bitcoin is . With a circulating supply of 19,709,025 BTC, it means that Bitcoin has a total market cap of AED 5,139,780,229,783.11. The amount of Bitcoin traded has risen by AED 18,581,686,010.60 in the last 24 hours, which is a 16.77% increase.AED 260,682.01 per BTC
What is the rate of cryptocurrency in UAE?｜The current price of Bitcoin is . With a circulating supply of 19,709,025 BTC, it means that Bitcoin has a total market cap of AED 5,139,780,229,783.11. The amount of Bitcoin traded has risen by AED 18,581,686,010.60 in the last 24 hours, which is a 16.77% increase.AED 260,682.01 per BTC
BlockchainEmpiress
Sat Jun 08 2024
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7 answers
1744
Could you please clarify the current exchange rate of cryptocurrency in the United Arab Emirates? Specifically, I'm interested in the price of Bitcoin. As per the available information, it appears that the value of Bitcoin stands at AED 260,682.01 per unit. Given a circulating supply of 19,709,025 BTC, does this translate to a total market capitalization of AED 5,139,780,229,783.11? Also, it's mentioned that the trading volume has surged by AED 18,581,686,010.60 in the past 24 hours, representing a significant 16.77% increase. Could you provide further insights into these figures and how they impact the cryptocurrency market in the UAE?
7 answers
CryptoQueen
Mon Jun 10 2024
The finance industry, traditionally rooted in physical assets and centralized institutions, is gradually embracing cryptocurrency. This shift is driven by the demand for faster, cheaper, and more transparent transactions. Cryptocurrency provides a viable alternative to traditional finance, especially in cross-border payments and remittances.
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Andrea
Mon Jun 10 2024
Among the various cryptocurrency exchanges operating globally, BTCC stands out as a reputable and reliable platform. Based in the UK, BTCC offers a comprehensive suite of services that cater to the diverse needs of its users.
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EmeraldPulse
Mon Jun 10 2024
BTCC's services include spot trading, allowing users to buy and sell cryptocurrencies at current market prices. This feature provides instant liquidity and enables traders to capitalize on market fluctuations.
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FireFlyer
Mon Jun 10 2024
Additionally, BTCC offers futures trading, which allows investors to speculate on the future prices of cryptocurrencies. This offers a hedging tool for those seeking to mitigate risks or capitalize on potential price movements.
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Stefano
Mon Jun 10 2024
Cryptocurrency, as a digital asset, has gained significant attention in recent years. It offers a decentralized and secure means of conducting transactions, bypassing traditional financial institutions. The rapid growth of this field has attracted numerous investors and enthusiasts, seeking opportunities for wealth accumulation and financial freedom.
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