Quote Currency Dominance (QCD) & Why It Matters w/ Clay from Nomics.com (Ep. 0080)

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Welcome to this cryptocurrency podcast. Today’s guest is Flippening host and Nomics CEO, Clay Collins. The content is excerpted from Clay's recent presentation at Consensus: Distributed, a virtual version of CoinDesk’s annual blockchain conference. In his talk, Clay covers a number of topics, including: What is quote currency dominance? How stablecoins became the dominant quote currencies in crypto trading Why Binance offers so many BNB trading pairs Why exchanges like FTX list so many altcoins Why most aggregators end up doubling their volume data Why it’s important to have a sound methodology when calculating trading volume Sponsors: Crypto Loans by Nexo Nexo is the only lender offering INSTANT crypto credit lines, which let you use digital assets as collateral to get cash in 45 fiat currencies and stablecoins. Annual interest rates for credit lines are now starting at just 5.9% - which may very well be the lowest borrowing rate in the whole industry. Nexo is also a strategic partner of exchanges, OTC desks, and crypto funds through its portfolio of structured financial products. Institutional counterparties can earn up to 8% annually on their idle stablecoins, enter into asset swap agreements, or directly borrow crypto. Individuals can also park their cash and stablecoins at Nexo's Interest-Earning account to get an annual return of 8%. So if you are looking to borrow, lend, or swap digital assets, Nexo is your GO-TO PARTNER. Definitely explore nexo.io or reach them at institutions@nexo.io. Nomics' Cryptocurrency API Spend too much time cleaning up and maintaining datasets & ingesting crypto market cap data from crypto exchanges? We offer the most accurate and transparent crypto data in the space. For examples, see our Ethereum / ETH price & OKEx pages. P.S. If you've read this far, consider signing up for our fully customizable daily crypto newsletter.