consequences as the systemic lack of clarity is having on the market…Interactive Brokers Vs Etoro… so first off there are no liquidity problems you gain some you lose some uh for instance bitstamp just revealed that they’re listing ada and it’s a much bigger exchange by volume than is for cryptocurrencies especially in these
trading sets so some enter some leave however in general right now there is no international regulative requirement on how to treat cryptocurrencies for instance the most strict and rigorous regulatory structure for cryptocurrencies at the moment most detailed is most likely in the country of japan and that’s managed by an entity called the fsa and there you have to go through an exhaustive process and the structure dealing with the fsa i went through i think three different 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 improving that area coinbase was also a very difficult procedure from my
comprehending to go through and a lot of oversight there and there are naturally active conversations with other u.s liquidity providers 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 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 community so despite the fact that liquidity is extremely Interactive Brokers Vs Etoro. limited in the u.s ripple is still in the top ten has a great deal 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 releases a coherent file describing how they tackle this process and what they do we work
with them on a technical basis so when there are technical questions about cardano when there are things that need to be simulated the rosetta interfaces or the graphql user interfaces or the deprecated rest apis we do that we certainly answer a great deal of concerns from exchanges and for certain big exchanges we actually uh permit them access to our internal developers slack so they can directly engage with designers when they have demands like utxo fragmentation issues or other such things on our side we had no indication of this from and it’s rather unfortunate that
absolutely nothing was sent our method due to the fact that we a minimum of might have much better comprehended their reasons and will naturally connect on our side to much better understand factors but it’s primarily the foundation’s responsibility here it has no meaningful influence on the liquidity of ada there’s billions of dollars of turnaround every day or any other element it was a reasonably little trading market however you understand this is simply the nature of the game liquidity reoccurs some individuals like it some people do not because they do not get adequate volume or client interest and then certainly everybody has various regulative thresholds if you’re a european entity with primary european consumers you typically limit your u.s exposure