Re:Ask HN: How can Coinbase make good on deposits/withdrawals?
by aaavl2821 on Thursday December 07, 2017 @12:47PM
(#15872182)
the structure of the exchanges and the market make a huge difference in how trades happen. one very real example of this is happening now: many people cant make BTC trades happen, while "uptime" for the other markets you mention is virtually 100%
so the fact that BTC is crypto doesnt change anything about how trades happen, but the massive differences in market structure between crypto and established markets makes a huge difference
edit: and the fact that the difference is larger does matter. volatility is one of the core inputs of derivatives pricing, and for a derivatives market to exist, volatility must be estimable. having a derivatives market has major influence on prices and liquidity of the market for the original security. for BTC to really go mainstream, markets need to evolve
so the fact that BTC is crypto doesnt change anything about how trades happen, but the massive differences in market structure between crypto and established markets makes a huge difference
edit: and the fact that the difference is larger does matter. volatility is one of the core inputs of derivatives pricing, and for a derivatives market to exist, volatility must be estimable. having a derivatives market has major influence on prices and liquidity of the market for the original security. for BTC to really go mainstream, markets need to evolve