Transparency, FTX, CeFi And DeFi

Nov. 30, 2022 4:40 AM ET
S&P Dow Jones Indices profile picture
S&P Dow Jones Indices
2.16K Followers

Summary

  • While the technology surrounding digital assets creates transparency - with its decentralized, secure and immutable ledgers - the surrounding ecosystem is not always so.
  • Crypto exchanges can be divided into two categories - centralized and decentralized.
  • Exchanges potentially lack transparency. There are now hundreds of exchanges that trade 24/7 globally, and not all operate at the same standard; i.e., technology, governance, etc.

Cryptocurrency on Binance trading app, Bitcoin BTC with altcoin digital coin crypto currency, BNB, Ethereum, Dogecoin, Cardano, defi p2p decentralized fintech market

Chinnapong

By Sharon Liebowitz

By now, the news in early November about the collapse of FTX (FTT-USD), one of the largest global cryptocurrency exchanges, is sinking in. At S&P Dow Jones Indices, we often discuss the challenges of the cryptocurrency ecosystem

This article was written by

S&P Dow Jones Indices profile picture
2.16K Followers
At S&P Dow Jones Indices, our role can be described in one word: essential. We’re the largest global resource for index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based upon our indices than any other index provider in the world; with over 1,000,000 indices, S&P Dow Jones Indices defines the way people measure and trade the markets. We provide essential intelligence that helps investors identify and capitalize on global opportunities. S&P Dow Jones Indices is a division of S&P Global, which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.spdji.com.Copyright © 2016 S&P Dow Jones Indices LLC, a division of S&P Global. All rights reserved. This material is reproduced with the prior written consent of S&P DJI. For more information on S&P DJI please visitwww.spdji.com. For full terms of use and disclosures please visit www.spdji.com/terms-of-use.

Recommended For You

Comments

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.