What is the meaning of cr?

Cryptocurrency, often abbreviated as "cr" in American English, primarily refers to digital assets designed to function as a medium of exchange. These currencies are secured by cryptography and are issued and managed through a decentralized network.

One of the key terms associated with cryptocurrency is "credit." This term, when used in the context of cryptocurrencies, generally refers to the trustworthiness or reliability of a transaction. It ensures that transactions are secure and authenticated.

Another related term is "creditor." In the realm of finance and particularly in the context of loans or debts, a creditor is an entity that has a claim on the assets of another entity. However, in the cryptocurrency world, the term may have different nuances depending on the context.

BTCC, a UK-based cryptocurrency exchange, offers a comprehensive suite of services to its users. Among these services is spot trading, which allows users to buy and sell cryptocurrencies at the current market price.

Additionally, BTCC provides futures trading, a form of derivative trading where investors can speculate on the future price movements of cryptocurrencies. This offers opportunities for both hedging and speculative trading.