repercussions as the systemic absence of clarity is having on the industry…Etoro Vs Metatrader 4… so first off there are no liquidity issues you gain some you lose some uh for example bitstamp just revealed that they’re listing ada and it’s a much larger exchange by volume than is for cryptocurrencies specifically in these
trading pairs so some go into some leave however in general right now there is no worldwide regulative requirement on how to treat cryptocurrencies for example the most strict and stringent regulative structure for cryptocurrencies at the moment most thorough is probably in the country of japan and that’s controlled by an entity called the fsa and there you have to go through an extensive procedure and the foundation dealing with the fsa i went through i believe 3 different applications and over a half million pages of due diligence over a multi-year process to get ada whitelisted in japan and now it’s trading there and a growing number of exchanges are taking it up and liquidity is improving that location coinbase was likewise an extremely challenging process from my
comprehending to go through and a lot of oversight there and there are naturally active conversations with other u.s liquidity suppliers 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 treated as a as a currency and it’s white noted and there’s a great deal of
business activity of xrp in japan sbi and others are big boosters because environment so despite the fact that liquidity is incredibly Etoro Vs Metatrader 4. restricted in the u.s ripple is still in the top ten has a lot of trading so uh the best you can do in these things is navigate this on a case-by-case basis on an exchange-by-exchange basis [Music] i would hope that the foundation publishes a meaningful document explaining how they go about this process 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 need to be done like the rosetta user interfaces or the graphql interfaces or the deprecated rest apis we do that we certainly respond to a great deal of concerns from exchanges and for certain big exchanges we really uh allow them access to our internal designers slack so they can straight interact with designers when they have requests like utxo fragmentation concerns or other such things on our side we had no sign of this from and it’s rather regrettable that
absolutely nothing was sent our way because we at least might have better comprehended their reasons and will obviously connect on our side to better comprehend reasons but it’s mainly the structure’s duty here it has no meaningful influence on the liquidity of ada there’s billions of dollars of turn-around every day or any other aspect it was a relatively little trading market however you know this is just the nature of the game liquidity reoccurs some individuals like it some individuals don’t since they do not get enough volume or consumer interest and then obviously everyone has various regulative limits if you’re a european entity with principal european consumers you generally limit your u.s exposure