Ecuador's currency is the US Dollar, a choice influenced by historical economic instability. Ecuador adopted the Dollar to stabilize its economy, reduce inflation, and enhance trade. The Ecuadorian sucre was once its currency but was phased out. Exchange rates are tied to the Dollar, with Ecuadorian banknotes denominated in USD.
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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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