effects as the systemic lack of clearness is having on the market…Etoro Vs Hargreaves Lansdown… so first off there are no liquidity issues you get some you lose some uh for example bitstamp simply announced that they’re listing ada and it’s a much larger exchange by volume than is for cryptocurrencies specifically in these
trading sets so some enter some leave however in general today there is no worldwide regulatory requirement on how to deal with cryptocurrencies for instance the most strict and strict regulative structure for cryptocurrencies at the moment most detailed is probably in the country of japan which’s controlled by an entity called the fsa and there you have to go through an extensive procedure and the structure working with the fsa i went through i believe three various applications and over a half million pages of due diligence over a multi-year procedure to get ada whitelisted in japan and now it’s trading there and increasingly more exchanges are taking it up and liquidity is enhancing that area coinbase was likewise an extremely difficult procedure from my
comprehending to go through and a great deal of oversight there and there are obviously active conversations with other u.s liquidity companies that stated it’s not actually clear what is what for example in the united states there’s currently a suit against xrp where the u.s federal government is asserting that xrp is a security in japan it’s being dealt with as a as a currency and it’s white noted and there’s a lot of
commercial activity of xrp in japan sbi and others are big boosters in that community so despite the fact that liquidity is incredibly Etoro Vs Hargreaves Lansdown. limited in the u.s ripple is still in the top ten has a lot of trading so uh the very best you can do in these things is browse this on a case-by-case basis on an exchange-by-exchange basis [Music] i would hope that the structure releases a coherent file explaining how they tackle this procedure and what they do we work
with them on a technical basis so when there are technical concerns about cardano when there are things that require to be done like the rosetta user interfaces or the graphql user interfaces or the deprecated rest apis we do that we certainly respond to a lot of concerns from exchanges and for certain big exchanges we in fact uh allow them access to our internal designers slack so they can directly interact with designers when they have requests like utxo fragmentation concerns or other such things on our side we had no indicator of this from and it’s rather unfortunate that
absolutely nothing was sent our method since we at least might have much better comprehended their factors and will obviously connect on our side to better understand factors however it’s primarily the foundation’s responsibility here it has no significant effect on the liquidity of ada there’s billions of dollars of turnaround every day or any other aspect it was a fairly little trading market but you understand this is just the nature of the game liquidity reoccurs some individuals like it some individuals do not since they do not get adequate volume or client interest and then clearly everyone has different regulatory thresholds if you’re a european entity with principal european clients you typically limit your u.s exposure