Ruble-Denominated Bitcoin Volumes Surges to 9-Month High

Re:Ruble-Denominated Bitcoin Volumes Surges to 9-Month High by leroman on Monday February 28, 2022 @11:20AM (#30501587)

Then who would that party be? who is taking this risk then? any idea?

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Re:Ruble-Denominated Bitcoin Volumes Surges to 9-Month High by krustymeathead on Wednesday March 02, 2022 @08:03AM (#30526852)

Maybe 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.

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Re:Ruble-Denominated Bitcoin Volumes Surges to 9-Month High by deweller on Wednesday March 02, 2022 @04:07PM (#30533168)

Person 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.

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Re:Ruble-Denominated Bitcoin Volumes Surges to 9-Month High by aaaaaaaaata on Monday February 28, 2022 @03:38PM (#30504816)

Binance likely couldn't even identify all of the parties if they wanted to.

AMM.

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