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I think crypto space has managed to create a class of unregulated financial instruments and markets - I feel like I'm watching what would happen if the stock ma
by a_square_peg 5y ago
I think crypto space has managed to create a class of unregulated financial instruments and markets - I feel like I'm watching what would happen if the stock market was not regulated at all. If I were Wall Street trader, I think this is really fascinating - sufficient amount to be interesting (billions of dollars at play) and regulators are yet to make sense of what's going on.
FYI, there are less than 5000 publicly traded companies in the US but more than 6000 cryptocurrencies.
- mattbrewsbytes 5y agoYour comment maybe implies that maybe Wall Street is watching from a distance. I think Wall St and large banks are deep into crypto, they have to be the cause of large swings in price movement, individuals rarely have $billions that can be moved around. A financial market with zero regulation and full anonymity? I bet it has brought all sorts of normally illegal money movements and transactions to it. Even coordinated pump and dumps are 100% possible without legal repercussions, as far as I understand it.
- moepstar 5y agoActually, it's way more than 6000.. CoinMarketCap lists 13684, Coingecko lists 10394 - which probably includes a truckload of BSC "shitcoins", getting more by the minute...
- GamblersFallacy 5y agoActually, its way more than 10394. Uniswap v2 factory contract returns 55,319 trading pairs. On the etherscan readContract page for the uniswap factory, the allPairsLength method returns index size. https://etherscan.io/address/0x5c69bee701ef814a2b6a3edd4b1652cb9cc5aa6f#readContract https://etherscan.io/address/0x5c69bee701ef814a2b6a3edd4b165...
- DennisP 5y agoBut that's pairs, not individual assets.