consequences as the systemic lack of clearness is having on the market…Plus500 Vs Trading 212 Vs Etoro… so first off there are no liquidity problems you gain some you lose some uh for instance bitstamp simply revealed that they’re noting ada and it’s a much bigger exchange by volume than is for cryptocurrencies especially in these
trading pairs so some enter some leave but in general right now there is no global regulative standard on how to deal with cryptocurrencies for instance the most strict and stringent regulative structure for cryptocurrencies at the moment most extensive is most likely in the country of japan which’s managed by an entity called the fsa and there you have to go through an exhaustive process and the foundation working with the fsa i went through i believe 3 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 a growing number of exchanges are taking it up and liquidity is enhancing that location coinbase was likewise an extremely difficult procedure from my
understanding to go through and a lot of oversight there and there are of course active discussions with other u.s liquidity providers that said it’s not actually clear what is what for example in the united states there’s presently a lawsuit 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 lot of
business activity of xrp in japan sbi and others are big boosters in that environment so despite the fact that liquidity is incredibly Plus500 Vs Trading 212 Vs Etoro. 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 structure releases a coherent file discussing how they tackle 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 require to be done like the rosetta user interfaces or the graphql interfaces or the deprecated rest apis we do that we definitely address a lot of concerns from exchanges and for certain large exchanges we actually uh permit them access to our internal developers slack so they can straight connect with developers 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 at least could have better understood their reasons and will of course reach out on our side to much better understand factors but it’s mainly the structure’s obligation 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 relatively little trading market but you understand this is simply the nature of the game liquidity reoccurs some people like it some individuals don’t because they do not get adequate volume or client interest and then undoubtedly everybody has different regulatory thresholds if you’re a european entity with primary european customers you normally restrict your u.s direct exposure