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Forex and Crypto?

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by COINS NEWS 146 Views

So I mostly trade Forex rather than crypto but i do like crypto a lot, but the disadvantages for small traders in Forex like me are hilarious in comparison to almost any other market on earth. The banks are basically playing a different game - the brokers get screwed. (https://financetrain.com/how-is-blockchain-disrupting-the-forex-trading-market). There seems to be some adoption, but it’s all very nebulous (https://fixedincomeapac.wbresearch.com/blog/block-chain-basics - total beginner article for most people here but all i could find)

I’m wondering if using stablecoins for Forex would actually be a great way to get an edge and start to break up the shadow FX market? Crypto already is talked about for international remittance (i use it for that all the time), but why not for more efficient, fair currency exchange? I think adoption maybe just isn’t wide enough yet for something like that to be worth it. I found one protocol that talks about Forex a lot in its marketing (https://coinmarketcap.com/alexandria/article/what-is-onomy-protocol) but that’s about it. Any others trying to do the same thing?

submitted by /u/edenkins
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