Hello everyone how are you doing, i am good, today i am going to participate another informatove contest. I feel pleasure when i explore my knowledge about the given topic. It broaden my knowledge, in this week the topic is really good Steemit Crypto Academy Contest Season 11 Week 3 - "Dark Pools In Cryptocurrencies".
Discuss in your own words what Dark Pools are in cryptocurrency. And explain how it works?
So first I would like to describe what is dark pools, so as the name reflects itself what is dark pools it's actually totally private form where the sellers and buyers are totally in the dark space means they are doing the marketing totally private and this is not accessible to the public.
It means that it's kept totally confidential and they are not releasing this marketing to the public until and unless they are dealing this trading.
So now let me tell you what is dark pools in crypto currency I think this is a very super high topic to be discussed.
I will try to summarise all my information in a very utilise way and the people can understand easily in a simple way so let me tell you what is the dark pools in crypto currency it means this is where the sellers and the buyer are doing the marketing but they are not visualize to the public.
I tried to summarise it in a simple words so I will say this is actually the marksheeting by a seller and the buyer on a large scale and they are doing its totally private but they are not exposing it to the open public and open market and they have just so tight security that this matter is totally in a dark space that why this is called the dark pools.
This is I think they thought the best way to do marketing and trading without exposing to the open market until and unless the deal is being done..
There are certain researches being done on this platform to emphasize on this topic of dark pools in cryptocurrency so let me tell you a small example actually how it is practically being done.
Cryptocurrency has been very famous among the people,the topic to do actually the marking on a dark side or having securities and that's why being working on the crypto currency there are so many dark side of using crypto currency like fraud etc that's why it's called dark cause the marketing is just done between the seller and the buyer and nobody knows until and unless it is being done and then it can be exposed to the open market.
So, that's why there are so many frauds on doing business on cryptocurrency on dark side.
Do all crypto exchanges offer a dark pools? If yes, explain how does its dark pool work? What tokens are supported? Are there any fees attracted? And What are the requirements to get involved in dark pools trading on the platform?
Show the first question is do all the character exchange offer a dark pools so my answer is yes yes they do of our dark pools.
Because it's a totally confidential matters means only that parties knows about the business with out exposing to the open market until and unless they are being reported and executed.
So, I think for this reason the dark full are having this disadvantages as well for being no one knows about the dealings it's remains totally private forum and they are doing it under a dark side without exposed to the investigator or public.
So many different examples of doing crypto exchange which can offer a dark pools like using the coins if I talk about 100 currency what are the example so let me give you some examples
Like Bitcoin Monero.
Give you an easy example for example a bank who is investing and the bank is trying to sell a share of almost you can say 5 lakhs of security and on that particular time the security is you know decreased in the value but the buyers will give that value and will buy but the matter is totally confidential and private and they will not expose it to the open market.
At the same time I must say that this is not a very reliable way to do marketing because it's just the two parties no the matter but there is no other evidence of being marketing.
How does it work in a dark pools I think this is a very you know a dark side of The crypto currency that the investors can't see actually whole detail and they are just doing the deal without exposing to the open market so that's why there is this is not very reliable and it is highly risjy way to do marketing in a dark pools.
Now, another question we have what tokens are supported to do cryptocurrency on a dark pools. So yeah we can use the Bitcoin ethereum and Bitcoin cash but I think this is a large number of the deal and that cash that can be transferring and transacting with out evidence.
Bitcoin
Ethereum
Bitcoin Cash
It is attracted to do cryptocurrency it is icing very less it's between 0.1% and I think it also depends on the trading frequency and how they are trading and at what percentage the purchaser and the seller are doing the deals.
I think there are several things you know hidden fees as well that's can help in making transaction and this is also depend upon the dealing frequency and volume.
Certain requirements which we need to follow when while doing business on the dark full trading on the platform. so first of all
You should have a good amount at your bank and then you need to find a person that can invest and then you must need a proper strategy and way to do the dealings.
And then need to choose a trust full exchanger you know while you are investing your account so you must need at trusted exchange that you can trust and trade with it.
Important thing is I think you must need a good research on the thing you are doing and while you must need have a good experience and a good results while doing the trading.
To this era I think you must need to be experienced in technology's because its the 2023 so you must need to have a good technology her speciality is to know and have better understanding of having trading on dark side.
But not the least you must have the ability while you are investing you must need have a confidence are affordability that you can use your money because it's I think the very dark side of this platform or forum.
For the chosen dark pools, show how to perform block trading on the platform.
As its clear to understand dark pools is done secretly and its not shown to public and its quite obviously its done by large investor or company holder who performed it very confidently.
Although it can not be performed by any one as it required expertise and a account which is called pro account. In simple words like a normal person which has not a large amount of assets he doesn't need to perform dark pool trading.
As the large companies and large investors are involved in dark pool trading so the trade is done secretly without showing buying or selling to the market. Definitely it required the information about seller and buyer to maintain the secrecy of trade and no doubt trade expertise is needed.
Explain the decentralized dark pools? State a decentralized dark pool in cryptocurrency and discuss it. How it works?
As its a kind of trade which taken place by secretly in private place and not known to others. So, there is not involvment of other people in other only the seller and buyer trade it in private room and more often large companies are doing this type of trade with confidence such as ethereum coin blockchain.
For dealing of this ethereum coin through dealer trade can be done directly and its totally their own private trade.
Although still these trade are quite safe as tgey have theor own code for talking and trading and these can be seen to only buyer and seller who are involved in trade process, it can say this is type of digital trading but performed with full secrecy.
Compare a centralized crypto exchange dark pools with a decentralized dark pool. What are the distinctive differences?
Here i would like to explain about the centralized crypto exchange dark pools and decentralized dark pools as follow.
Centralized Dark Pools | Decentralized Dark Pools |
---|---|
The process of trading is done by an exchange. | its working based on blockchain technology system which control it. |
As the trade is regulated by an exchange, therefore its responsible for matching of trade. | As there is no involement of exchange it trading can be done directly by owner |
It has high fees for trade to run | Very less fee required for trade. |
Trades is done secretly but there is still chance it can ve seen by others | Trade can ve secured by special codes and not visible to others |
What are the advantages and disadvantages of the Dark pools in Cryptocurrency?
The question is what are the advantages and disadvantages of dark pools in Cryptocurrency.
So, first I will talk about the advantages the good things of this platform that we can use so fastly it will describe market impact is very reduced or very limited.
I think this is the very fundamental or the main things that the dark pools were being used is that because there is you know a very less likely impact of the market on the buyer and sellors Orders and the investor and the trader both are being confidential and their have least impact of the trading on open market. Other is the transparency is completely not secured and this is why used less.
The second most important thing is potential getting the very good price is to do trading because sometime if you want to make a big deal so you can choose the favourable time and favourable exchange and do the trading at very good prices. The seller and buyer get profit.
The third most important thing which I already mentioned the fees which can be attracted to do that trading on this platform is very less fee I think they are using very much less cost about point one person so that's why there is a huge amount of saving you can get and this is also you know less significently being expose through the open market.
Now let's talk about the disadvantages of dark pools and as I mentioned so many time that this is totally confidential between the seller and the buyer so there is no any visual evidence and as well as there is no evidence of any particular order so you may have a greater chance of being fraud at this platform and that's why this is called the dark pools cryptocurrency.
it's totally private financial forum which can do the dealing privately so nobody knows in open market but this is totally done in a dark market of getting fraud.
The second most important thing is inefficiency of the important thing of being Least transparency is also come up with lack of insecurity and there are so many certain conflict which occur due to a lack of transparency and inefficiency.
Its all about ny today's post, i would like to invite my dear friend @m-fdo, @suboohi and @abdullahw2 to take part in the contest.
Comment/Recommendation
You clearly explained what Dark Pools are using your own words, however you did not show how this kind of platform works in trading.
You stated that all crypto exchanges offer dark pools giving your reasons. You explained how it works for them.
You briefly gave information about block trading and how it works.
You gave your opinion on the operation of a decentralized Dark Pools without interpreting a concrete case.
You compared a centralized Dark Pool crypto exchange to a decentralized Dark Pool crypto exchange.
You mentioned the advantages and disadvantages of Dark Pools in cryptocurrency.
In general, you have done an acceptable job, some parts require more analysis and research.
Rating
Total| 6.5/10
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Thank you for kind evaluation.
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Thank you, friend!
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Dark pools is the safe place made for the whales in the market. They are always facilitated by the exchanges. Their aim is too keep their trade secret of common people. They don't want the market to effect with their trades.
Best wishes for the contest.
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Los grupos oscuros siempre han existido, de alguna manera permiten cierto equilibrio en el mundo cripto, ya que al realizar negociaciones en privado, nadie del mercado abierto se entera y no altera por los momentos la volatilidad acostumbrada. Tal vez son un mal necesario, porque no imagino ese mercado abierto con altas transacciones de criptoactivos, volviendo loco a todo el mundo, sería un caos. Los Dark Pools grupos de interés reunidos para hacer más dinero, lamentablemente es difícil que eso cambie, la avaricia y la codicia viven allí y no están exentas del crimen organizado, que de paso se aprovechan de la eficacia de la tecnología.
Saludos y exitos.
¡Un gran abrazo!
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The author discusses the concept of dark pools in cryptocurrencies, highlighting their private nature and lack of transparency. They mention advantages like reduced market impact and potential for better prices, but also note disadvantages such as fraud risk and lack of transparency. The differences between centralized and decentralized dark pools are explored, and the author concludes by inviting others to participate in the contest.
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TEAM 2
Congratulations! This post has been upvoted through Curation Team#2. We support quality posts , good comments anywhere and any tags.Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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Thank you for support
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Greetings sis @drhira
You have briefly explained the concept of dark pools and their working. Yes indeed the dark pools offer a save platform to trade your crypto assets within the dark pools and keeping out of the sight of public and putting any effect on the market. You have done a great job 👍
Success to you 🤗
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Thank you for reading my post and sharing your review.
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You are always welcome 🤗
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