RATE Group | Understanding cryptocurrency trading in the region
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Understanding cryptocurrency trading in the region

16 May Understanding cryptocurrency trading in the region

Posted at 20:11h in Cryptocurrency News by

Gulf Business

Saturday 16 May 2020

Can you explain how crypto-trading works?
Trading crypto assets is similar to trading traditional financial products and asset classes in capital markets at present. Crypto assets (depending on the exchange) are traded in pairs either with fiat currency [which represents any currency that is issued by a government of any country] to the specified crypto asset i.e. BTC [bitcoin] / USD or crypto to crypto i.e. BTC/ ETH [ethereum].

There remains a lack of clarity about how the cryptocurrency market operates. Is that changing?
The FSRA in the Abu Dhabi Global Market (ADGM) has introduced a transparent, bespoke digital assets regulatory framework to regulate the trading of digital assets which includes virtual assets, fiat tokens, digital securities, and the use of derivatives within the framework.

The regulatory framework identifies each asset class with unique characteristics for transparency. It also provides a robust approach from a compliance,…

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