Settlement The reason behind the financial crisis was that no one trusted the collateral was unencumbered. No one would send their collateral expecting their c

Settlement The reason behind the financial crisis was that no one trusted the collateral was unencumbered. No one would send their collateral expecting their counterpart was insolvent. Market Making It's trivial to add liquidity without a dedicated market maker. Multiple platforms do this quite effectively now with thousands of instruments. International Transfers Worth mentioning this works almost instantly and costs almost nothing. Transfers can take days and have significant fees today.