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Since the network is down, can this still be traded? I know exchanges use 1 big wallet, and internally keep track of who owns what. So in practice you would st
by koonsolo 7y ago
Since the network is down, can this still be traded?
I know exchanges use 1 big wallet, and internally keep track of who owns what. So in practice you would still be able to trade, just not able to add or request funds.
But if all exchanges block trading, nothing can happen to the price can it?
- mopsi 7y ago> Since the network is down, can this still be traded? Yes. Trading generally happens off-chain, simply by changing account balances in exchange's database. Actual on-chain transactions don't take place until funds are withdrawn from the exchange (which is why they should not be kept there for long - obvious hacking risk).
- gruez 7y ago>Since the network is down, can this still be traded? All the major exchanges are showing volume, so yes it's still being traded. >But if all exchanges block trading, nothing can happen to the price can it? Not really. All that does is remove an "official" price, and make spread/confidence interval bigger. OTC trades (with trusted parties since the network is down) is always an option, so are derivatives like futures/options/cfds.