Potentially stupid market structure question of the day: are 100% of Coinbase crypto trades executed on-chain? Is it possible for trades to happen off-chain?
Show this thread
-
interesting. so there’s lots of risk in each exchanges DB uptime? perhaps we should clear these trades centrally
-
-
I'm obviously being glib but there are some interesting custodial solutions emerging, e.g. the custodian 'pledging' your assets to the exchange rather than transferring them, and settling it daily into a wallet that the exchange also maintains at the custodian.
-
Also has the benefit of free and near-instantaneous transfers between exchanges (because it's a db update at the custodian, not an on-chain transaction) which is a benefit in fast markets. Biggest downside is that not many exchanges are signed up yet.
- Show replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.