Yandex Expands Currency Converter to Support Cryptocurrencies
On February 20, Yandex, the largest search engine in Russia, updated its currency converter to support the display of the exchange rates of 140 cryptocurrencie…
On February 20, Yandex, the largest search engine in Russia, updated its currency converter to support the display of the exchange rates of 140 cryptocurrencies and some fiat currencies, and plans to introduce cryptocurrency – cryptocurrency exchange rate data in the future. This widget is located directly above the search results, displaying price charts and quick conversion tools. Yandex’s market data is from CoinGecko.
The currency converter of Yandex, a Russian search engine, supports the display of cryptocurrency related data
Interpretation of the news:
Yandex, the largest search engine in Russia, has announced that it has updated its currency converter to include the exchange rates of 140 cryptocurrencies and some fiat currencies. This is a significant development for the cryptocurrency industry as it brings even more visibility and accessibility to these digital assets.
The update to Yandex’s currency converter features a widget that is located directly above the search results. This widget displays price charts and quick conversion tools, allowing users to easily convert fiat currencies into cryptocurrencies and vice versa. The market data for this widget is sourced from CoinGecko, a popular cryptocurrency price tracking website.
Yandex’s decision to include cryptocurrency exchange rates in its currency converter is a clear sign of the growing interest in cryptocurrencies among Russians. The country has been experiencing a surge in cryptocurrency trading volumes since the beginning of the year, with more and more people looking to invest in these digital assets as a way to diversify their portfolios amid the economic uncertainty caused by the COVID-19 pandemic.
Furthermore, this move by Yandex is likely to encourage even more people to invest in cryptocurrencies, as it makes it easier for them to track prices and make informed decisions about buying and selling. This is particularly important given the volatile nature of the cryptocurrency market, where prices can fluctuate wildly within a matter of hours.
Overall, Yandex’s decision to expand its currency converter to include cryptocurrency exchange rates is a positive development for the cryptocurrency industry. With more and more people looking to invest in these digital assets, it is important that they have access to accurate and up-to-date information about prices and exchange rates. This update to Yandex’s currency converter is an important step in this direction, and it will no doubt help to fuel even more interest in cryptocurrencies in Russia and beyond.
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