Product Description
Publication Date: January 01, 2023
Source: Rotman Management Magazine
With shocking turns of events such as the FTX fiasco, market participants need to be fully aware of the risks and opportunities that Blockchain-based trading presents. The author, who studies financial innovation for a living at the University of Toronto, presents what everyone should know about centralized and decentralized trading platforms. Defining everything from wallets to crypto-wash-trading and tax-loss harvesting, he argues that there are two possible futures: One is that some immensely popular non-financial applications emerge. The other is that, over time, most traditional financial assets - including fiat money and property registries - are either tokenized or directly re-issued as new vehicles on blockchains so that they can be listed, used and transferred without borders. For all of the issues he identifies, he maintains that blockchain-based trading holds enormous promise.
