In traditional finance and Crypto Assets, currency fulfills three basic roles - it is a medium of exchange, a store of value, and a Unit of Account. While most traders understand the role of Crypto Assets in payments or savings, few are aware of the importance of the "Unit of Account" function. In the crypto market, the Unit of Account determines how to measure, compare, and track the value of assets. It allows us to say 1 BTC = 25 ETH or $83,000 - providing traders with a way to understand profits, losses, and market value. Let’s delve into how this concept applies to crypto trading, why it’s important, and how trading platforms like Gate.com make it easier for traders to measure and increase their wealth.
10/31/2025, 8:04:17 AM