Cryptocurrency Q&A
What is 1 pip in crypto?
What is 1 pip in crypto?
CryptoTitaness
Fri Nov 01 2024
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6 answers
1240
I'm trying to understand cryptocurrency trading, and I've come across the term 'pip'. I want to know what 1 pip represents in the context of crypto.
6 answers
Tommaso
Sat Nov 02 2024
For instance, in the USD/CAD currency pair, the smallest change possible is $0.0001.
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CryptoQueenGuard
Sat Nov 02 2024
A pip represents a fractional value in financial markets.
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CryptoKing
Sat Nov 02 2024
Specifically, it is equivalent to 1/100 of 1%.
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Martino
Sat Nov 02 2024
This minimal movement corresponds to one basis point.
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Andrea
Sat Nov 02 2024
Alternatively, a pip can be described as one basis point (bps).
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