Why can Bitcoin be traded?
Why can Bitcoin be traded? According to the latest data from CoinMarketCap, why
Why can Bitcoin be traded? According to the latest data from CoinMarketCap, why can Bitcoin be traded?
The reason why Bitcoin can be traded is because it is a digital asset created based on blockchain technology. Secondly, it ensures secure and reliable transmission through distributed storage, peer-to-peer transmission, and consensus mechanism. In traditional financial markets, individual investors cannot control their own financial situation and investment behavior, making it difficult to obtain corresponding returns. In emerging markets, users can only rely on some third-party institutions for risk management and asset protection, such as banks. Furthermore, the decentralized nature of cryptocurrency makes it easier for people to use and become a payment method.
From the above figure, it can be seen that there are currently two main exchanges in the market, one is Binance, and the other is Bittrex. Both of them are relatively well-known investment websites in China, and both have higher compliance. Another one is the Bitcoin derivative platform Bitmex. However, for ordinary retail investors, the operating costs of these trading platforms are high because they do not have any relevant legal restrictions. Therefore, if you want to participate in the spot market business, you must go through specialized technical teams or other research and guidance to enter this industry. Finally, there are professional organizations composed of professional personnel, such as Huobi, which provide services or develop related products, but they need to register a certain company before they can operate. This has led to many so-called “big shots” who do not have the ability to control this themselves.
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