Cryptocurrency Q&A
What is 7-day APY?
What is 7-day APY?
CryptoLegend
Mon Nov 18 2024
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7 answers
1520
I'm trying to understand this financial term called '7-day APY'. Could someone explain to me what it means and how it's calculated? I want to know how it differs from other types of APY and how it can affect my investments.
7 answers
AltcoinExplorer
Wed Nov 20 2024
The concept of 7-day yield and APY is often discussed in the context of bank accounts.
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BonsaiGrace
Wed Nov 20 2024
Both terms relate to the interest that an account might generate over a specific period.
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KimchiQueen
Tue Nov 19 2024
APY stands for annual percentage yield, which is used to estimate the earnings of an account over one year.
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SeoulStyle
Tue Nov 19 2024
BTCC, a top cryptocurrency exchange, offers a range of services that include spot, futures, and wallet options.
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Martino
Tue Nov 19 2024
It takes into account the compounding interest, which means the earnings are reinvested to generate additional interest.
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