4 ms·
Ah, that explains it. It would be interesting to know what mechanisms Coinbase et al use to avoid balance sheet fallout by sudden downward fluctuations.
by sentenza 13y ago
Ah, that explains it. It would be interesting to know what mechanisms Coinbase et al use to avoid balance sheet fallout by sudden downward fluctuations.
- YourCupOTea 13y agoThey would have to employ some sort of currency risk hedge. http://en.wikipedia.org/wiki/Foreign_exchange_hedge http://en.wikipedia.org/wiki/Foreign_exchange_hedge
- jonknee 13y agoEasier said than done when you don't have an actual currency to hedge against and the complete lack of a functioning options market.