Question
In: Finance
what could be the impact of blockchain crypto exchanges ??
what could be the impact of blockchain crypto exchanges ??
Solutions
Expert Solution
A blockchain crypto exchange is a platform that allows the traders to conduct the online trading of digital crypto currency . These crypto blockchain exchanges act as a market maker that takes the various bid ask spreads.
The impact of blockchain crypto exchanges are very critical in consistent price discovery of various kinds of crypto currency . These crypto exchanges promotes transparency of trading in different kinds of cryptos.
The recent introduction of derivatives into major crypto currency have been very helpful in maintaining constant price discovery and increasing the volume through offering a window for speculation through derivatives.
The transmission of transaction through these crypto currency exchanges are very swift and these exchanges could send information to the user's personal wallet . These also offers with conversion facilities.
These currencies exchanges are highly decentralised and they offers with constant transparency in price discovery and with a tactical shift towards use of cryptos, these exchanges are expected to gain more traction on thethe upside.
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