Nairametrics
  • Home
  • Exclusives
    • Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Ranking & Reviews
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
  • Economy
    • Macro-Economic News
    • Get Data
  • General News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Ranking & Reviews
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
  • Economy
    • Macro-Economic News
    • Get Data
  • General News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Markets Cryptos

Crypto: Financial market that never sleeps, or is under any central authority

Olumide Adesina by Olumide Adesina
September 3, 2020
in Cryptos, Spotlight
Crypto: Financial market that never sleeps, or is under any central authority
Share on FacebookShare on TwitterShare on Linkedin

There is only one known financial market that never sleeps, blinks, or shuts down. That’s the crypto market. There are no opening or closing trading sessions to be observed. This is why crypto traders and investors currently use the standard 24-hour price change by seeking differentials between the current market price to the price that the specific crypto of concern traded the previous day at the same time period used.

The major reason why the crypto market runs round the clock is simple; there are no individuals or central authorities that control these fast-changing financial markets; it’s decentralized in operations.

READ: Crypto: Celo gains over 50% within a day, as Coinbase announces its listing

What to know about Cryptos: Cryptos are simply financial digital assets, and like the internet, they run 24/7. You can trade your digital asset at any time of the week. Unlike other conventional financial instruments like commodities and stock, the crypto market doesn’t need to be traded on a regulated exchange.

Let’s assume that all crypto exchanges agreed to control the crypto-verse transactions, which almost seems impossible, there would be many unknown smaller exchanges providing market liquidity for traders and investors, which in principle could shut off the major crypto exchanges.

READ: Global Stocks rise higher, on positive Chinese manufacturing report

Advantages of trading Cryptos

You don’t even need a crypto exchange to buy or sell cryptos; individuals or entities could trade it via email or wallet or any choice of their own. This is why a lot of investors and traders believe the market in principle is efficient, as there is no authority that can thwart, manipulate or limit this fast-emerging financial asset on the basis that there is no binding authority that can control it.

Download the Nairametrics News App

It’s no longer a major headline that the crypto market has been getting bigger lately, because the total market capitalization of cryptocurrencies has surged past its two year high. This was largely due to the recent rally in BTC and many altcoins in play.

READ: Bitcoin is becoming scarce as BTC Miners sell less BTCs

Data from Coingecko, an advanced crypto ranking company, revealed that the market capitalization value of BTC stood at $382 billion at the time this report was drafted.

Related

Tags: altcoinsBTCBusiness NewsCoingeckoCryptos

Comments 1

  1. Obinali promise says:
    September 3, 2020 at 10:46 am

    Please is the CBN bann on crypto true?

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Access Bank
Bankers Committee
Flowmono

Bfpeer
Mega Millions
FCMB
Ikeja Electrics
Zenith CEX
Kwakol Markets
First bank





    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • JAMB explains reasons for withholding some UTME results
    • Airline operators warn aviation fuel scarcity may lead to more flight reschedules, cancellations
    • McDonald’s to sell its Russian business for $1.4 billion to local buyer

    Follow us on social media:

    Recent News

    JAMB sets date for 2021 UTME registration and examination, makes NIN mandatory

    JAMB explains reasons for withholding some UTME results

    May 16, 2022
    Airline war: Air Peace, Azman others battle over passengers’ loyalty with ticket upgrade, gifts

    Airline operators warn aviation fuel scarcity may lead to more flight reschedules, cancellations

    May 16, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Ranking & Reviews
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
    • Economy
      • Macro-Economic News
      • Get Data
    • General News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com