Steemit Crypto Academy Contest Season 11 Week 3 - "Dark Pools In Cryptocurrencies
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I hope you everyone will be great here and enjoying themes of engagement challenge season 11 week3. The recent topic of week 3 is also very interesting and informative to get acknowledgement about the dark pools in cryptocurrency. Well, I hadn't any idea about this term before . But after deep research I get to know the significance of dark pools in the context of Cryptocurrency. Hopefully my participation will also meet the requirements of engagement challenge.
Dark pools are in cryptocurrency as a secret or confidential trading platforms owned by large institutional investors and traders to run huge orders without revealing their cryptocurrency concerns to the general public. These dark pools are created to incorporate reliable security and reduce the effects of huge trades in the market.
In additionally , When a large number of orders are filled in a economical market for the public interest, Then the price changes due to the high demand or supply of the huge trade creates. The main significant of dark pools that dark pools allow traders to transactions theirs coins without publishing their orders in open order books in an attempt to reduce market influence.
Dark pools operate significant role in the Blockchain of cryptocurrency for reliable and trustworthy transactions of big trader's and stakeholders. How dark pools work in relation to cryptocurrencies is as follows:
Dark pools in cryptocurrency allow the huge amount of transportation in the context of big trader's under a private and secure platform without interfere of third part and publicity of thier transactions in market.
Dark pools always work within a specific and limited zoning area . In which trader is executed as soon as an appropriate set of buy and sell orders is verified. This helpful for reducing the risk of orders from influencing the price from publicity.
Before processing their completion of trades, cryptocurrency dark pools may give them access to limited price information, such as the price range or average price. Based on this criteria, Trading decisions can be finalized while remaining confidential.
As I mentioned in starting of my participation, I haven't heard this term as before. So that , I haven't deep acknowledgement about it. I just come to know through searching on this , Dark Pools in cryptocurrency is similar with traditional finance market's in some contexts.
In here all the transactions are processed under the hidden and secure way without interface of any public interest. In opposite of it off dark pools transactions of big trader's are executed on public level and it's processed highly influenced due to high demand or supply of big trader's and that's depends upon the nature of different crypto currencies.
When I have to sell or buy Steem , I do trading through trading my Binance Account. If you have your own Bianance account then go with it by adding your user name and password for login. In other case you have to create your account then go for further Process.
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Your Binance account will see exactly three bars exactly in the right side of Dashboard. You have to select it for trading purpose.
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After selecting on three bars, you will see the different options in the vertical form. You have to scroll down and go to Block Trading.
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Trading is for the currency we want to sell or buy. We will make pairs of this currency and add a required amount for for final process. We will click on request for quite. There is a special time set for trading. In the meantime, we can do trading, that's why my request could not go forward that today is Saturday in Pakistan. If we follow this timetable, we can trade easily.
Through this research on this theme, I have come to know that this is an advanced technologies through we can transactions in a save and secure way without interface of an third party in a comfort zone. We can able to see this dark pools transactions in the Blockchain of Cryptocurrencies.
Dark pool cryptocurrencies can be used, for example, by institutional investors or high net worth individuals who want to trade significant amounts of Bitcoin or Ethereum without generating price volatility on open exchanges. The same idea applies to other well-known cryptocurrencies.
As I mentioned in a above questions, In the context of Blockchain of Cryptocurrency, Dark Pools work as a private and secure platform through can big trader's and inverters can sell or buy their huge amount of transactions through advanced and organized way without interface of general public and allow the traders to maintain privacy and minimize market price impact.
For easing understanding about to differentiate the comparison between centralized or decentralized dark pools exchange. I have shared my views in tabulation form as 👇
| Centralized Dark Pool | Decentralized Dark Pool |
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| These dark pools are processed & managed by centralized exchanges system and manage user access in an organized way. | Decentralized Dark Pools are used to operate using blockchain cryptocurrency and helpful for reducing the need of trader's. |
| In C.D.P matching trading coins take place in the dark pool of the exchange. Public involvement do not display orders from participants. | Smart contracts are not applicable to the need for a In centralized authority by automatically matching and executing trades based on fixed criteria. |
| Only verified and authentic traders or institutional investors are usually prohibited from participating to ensure the exclusivity of the dark pool. | Anyone with a suitable wallet could be able to use decentralized dark pools, improving accessibility in the Blockchain of cryptocurrency. |
Darks Pools have some prons and cons in the context of trading in cryptocurrency.These are as under below 👇
| Advantages | Disadvantages |
|---|---|
| Dark pools is significant in the extremely volatile cryptocurrency because they allow massive trades to be completed without significantly impacting prices on open markets. | Dark pools lack transparency, which could allow market manipulation or give unfair advantages to some trader's. |
| Trading can take place without displaying the identities of traders or the specifics of their orders, providing a level of security in a say way . | Regulators are concerned about the lack of transparency and the possibility of manipulation, especially in areas with heavily imposed regulated on financial markets. |
| An other prons is that the orders are not exposed to the larger market then trades can be performed with less slippage. | Institutional investors and high net worth trader's may be the only participants allow to participate in centralized dark pools, limiting smaller traders. |
| Discord | Uzma4882#9176 |
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| Know About Me | Introduction |
| Club Status | #club5050 |
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Saludos amiga uzma4882.
Los grupos oscuros son personas o instituciones con mucho capital, crean estos grupos para poder ocultar su identidad y sus inversiones, ellos cuidan su capital realizando transacciones que no están a la vista del publico, de esta manera protegen su dinero, ya que el mercado de la cryptpo que invierten no se ve afectado, se cuidan de la volatilidad del mercado, garantizando que la transacción se de al precio que ellos indican.
Te deseo mucha suerte.
sí, absolutamente se le observa muy bien sobre el funcionamiento de los grupos oscuros en el contexto de guardar y asegurar una gran cantidad de transacciones por parte de grandes comerciantes sin la interfaz del público en general. agradezco sus valiosos comentarios. gracias y quédate bendecido.
Hello Sis
I have just read your publication about the dark pools in Cryptocurrencies which is a platform of trading privately among huge investors or traders. This is a very useful platform because it Jeep all the transactions away from the public eye. Your publication is very interesting and well written..
Best wishes 🙏🤞
Thanks Steemit fellow, For accessing to my participation and shared your valuable feedback. I appreciate your kind words. Stay Blessed
You are always welcome 😁
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You've provided an insightful comment on the Steemit Crypto Academy Contest. Your explanation of dark pools in cryptocurrency and their operation is well-detailed and informative. Keep up the great work!
Hola Uzma 😊
Un tema que lo abordaste con detalle suficente, la verdad me gusto mucho la explicacion de cada pregunta, como lo estrucuturaste, asi que te felicito. Los dark pool son un tema nuevo para y siento que es muy util cuando ya tienes dinero para invertir, cuando ya sabes de estrategia, etc, es decir, no es para todos, sin embargo, muy util saberlo. Saludos.
you have given your opinion about all the questions and I agree with all of things that you have mentioned and its good that you know about dark pool and its working that it works with privacy and security as well as you also provided a step by step procedure of block trading along with screenshots but it should be water mark
In other questions you tried to explain good but I think you don't have any idea that how decentralized dark pool works because you don't have provided proper explanation of that question otherwise you have successfully told us about advantages and disadvantages of dark pools and I wish you good luck in this engagement challenge
Post ke Shuru mein hi main aapka bahut jyada shukriya dafna chahti hun kyunki aapane is post ko bahut acchi Tarah se explain kiya hai aur aapki post imtihai kabil tarif lagi hai iske alava aapane dark pool ke working ko bahut acchi Tarah se byan Kiya hai jiski vajah se har Koi isko aasani ke sath understand kar sakta hai aur iske alava aapane block trading ke procedure ko bhi byan karne ki koshish ki magar kuchh chijon mein mujhe kuchh kami najar aati hai aur Main ummid Karti Hun ki next time aap aur jyada ki koshish karengi aur filhal