Details about eToro Pound Sterling cryptocurrency
eToro Pound Sterling
gbpx
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eToro Pound Sterling price charts
gbpx exchanges
eToro Pound Sterling, the crypto
eToro Pound Sterling (GBPX) is a stablecoin that is pegged to the value of the British Pound Sterling (GBP). It is backed 1:1 by fiat reserves held by eToro UK.
The point
The main point of eToro Pound Sterling (GBPX) is to provide a stable and reliable digital asset that is pegged to the value of the British Pound Sterling. It allows users to hold a cryptocurrency that is not volatile and can be used for trading, buying, and selling, without worrying about fluctuations in its value.
The problem
eToro Pound Sterling (GBPX) aims to solve the problem of volatility in the cryptocurrency market. By being pegged to the value of the British Pound Sterling, it offers stability to users who want to use cryptocurrency for transactions without the risk of losing their funds due to fluctuations in the market. It also provides a familiar and reliable cryptocurrency option for users who prefer to use fiat currencies like the GBP.
Compare GBPX and BTC performance
| Timeframe | GBPX | BTC |
|---|---|---|
| 1h change | 0 % | -0.0202794 % |
| 24h change | 0 % | -0.623027 % |
| 7 day change | 0 % | 3.57007 % |
| 14 day change | 0 % | -1.77664 % |
| 30 day change | 0 % | 0.907414 % |
| 200 day change | -0.34 % | 136.014 % |
| Year change | 1.08 % | 146.53 % |