6 ms·
Then who would that party be? who is taking this risk then? any idea?
by leroman 5y ago
Then who would that party be? who is taking this risk then? any idea?
- deweller 5y agoPerson A offers BTC for sale for Rubles. Person B offers Rubles in order by buy BTC. Binance is an exchange which matches these two offers. In this scenario, Person A is taking the risk of the Ruble devaluing.
- aaaaaaaaata 5y agoBinance likely couldn't even identify all of the parties if they wanted to. AMM.
- krustymeathead 5y agoMaybe the Russian Central Bank is buying up rubles to attempt to stabilize it? They probably wouldn't be exchanging them for BTC, but may be the ones holding the rubles at the end.