4 ms·
(Most) trading's not done on chain, it's settled later. Alameda could absolutely trade faster than that.
by Vecr 3y ago
(Most) trading's not done on chain, it's settled later. Alameda could absolutely trade faster than that.
- 0cf8612b2e1e 3y agoDoesn’t that just mean the trading is done by a trusted third party? Fine until the third party goes belly up.
- vgatherps 3y agoThis is how most asset trading works, but outside of crypto these third parties are actually trustworthy
- JumpCrisscross 3y ago> outside of crypto these third parties are actually trustworthy With multiple layers of mutualised failsafes.
- vgatherps 3y agoDon't forget meaningful regulations and legal requirements placed upon these parties
- junofan 3y agoWell, one might argue they’re trusted to grift retail. The money firms make doesn’t come out of thin air. SEC is fairly toothless in this area.
- Scott_Sanderson 3y agoYes, the exchanges are 3rd parties that could lose, and often do lose, the money
- HWR_14 3y agoI thought the (noncrypto) financial exchanges made a very small amount of money on every trade.