A. Many individuals who look to spend money on digital property come from a standard monetary markets background and are sometimes shocked by the complexity and elementary variations between the 2. Crypto is a nuanced and extremely fragmented market, with tons of of centralized exchanges globally. But solely about 20 seize important volumes, after which about 5 get many of the trades. The biggest exchanges with the deepest liquidity are primarily based exterior of the U.S. On the similar time, there are simply three related exchanges primarily based within the U.S. Moreover, there are decentralized exchanges (DEX), that are peer-to-peer marketplaces the place trades happen on a sequence immediately between crypto merchants. Centralized exchanges run inner ledgers that steadiness positions throughout their purchasers. There are over-the-counter (OTC) desks that present extra white glove service to institutional traders.
