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Questions tagged [market rates]

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Chiara Chiara Wed Jan 29 2025 | 6 answers 1137

Are exchange rates based on market rates?

I am curious about how exchange rates are determined. Is it true that they are based on market rates, or are there other factors influencing them?

Are exchange rates based on market rates?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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