What does TXN mean in finance?

Among the many cryptocurrency exchanges available, BTCC stands out as a top player in the industry. Offering a range of services, BTCC caters to the diverse needs of cryptocurrency enthusiasts and investors.

Cryptocurrency, as a digital asset, has revolutionized the way we conduct financial transactions. It operates on a decentralized network, eliminating the need for intermediaries and providing users with a high level of security and anonymity.

BTCC's services include spot trading, which allows users to buy and sell cryptocurrencies at current market prices. Additionally, the exchange offers futures trading, enabling investors to speculate on the future price movements of cryptocurrencies.

One crucial aspect of cryptocurrency transactions is the transaction number, commonly referred to as TXN. This unique identifier is assigned to every transaction processed through the issuing bank's online system.

The TXN serves as a vital tool for tracking and verifying transactions. It ensures that each transaction is accurately recorded and can be traced back to its origin.