Maybe but like David says, the arbitrage possibilities with InstantSend leave every other crypto dead in the water and that's not a small incentive. Pay close attention to the trading patterns and you can watch it happening, one exchange takes a big jump and... tick... tick... tick... an hour later a big flood of coins comes in to level it out again. For a while after the Chinese exchanges first opened I'd estimated roughly half the trading volume was from arbitrage, a constant back and forth as USD and CNY spreads fluctuated and boy where they making a killing. It levelled out fairly quickly as more got in on it but you've only got to glance at coinmarketcap to see there's ample opportunity to level it out more... if you're willing to take the risk of things moving while waiting for confirmations.And what with second, third "major exchange", will they list DASH for free, I thing they not, they just repeat blackmail.
Not necessarily. There has to be a first mover.If pressure was true, then exchanges would list DASH to gain advantage.
Thanks @babygiraffe. The previous proposals like Lamassu and with this attached to Minotaur cause additional questions that might otherwise be assumed.
I too would like confirmation that this exchange will offer the ability to trade DASH/EUR as well as USD. I know I don't get a vote but I would like an idea of how big this is actually going to be, because IMO, without Euro trading, a huge proportion of DASH fans and investors are going to be left out in the cold.
Thanks just thought it would have been better to have that upfront since its easy to raise excuses on why not to continue listing and it might get ugly so I thought it would have been better to get this crystal clear but I guess we will cross our fingers!I would say the main deterrent is this company's reputation. Should they breach the agreement, it would be public knowledge. However, if they went ahead with a delisting anyway, under that scenario we would need to consider legal options and whether that is worthwhile expense... we could pursue the initial funds rebated for example. This seems like a very low risk to me given the company has a reputation to protect and once listed, the cost to them of maintaining the listing and fulfilling their end of the agreement is quite low.
Bad idea and not needed. From now on they add us at their own expense. If they need help from core they pay the guys for their time and effort @ market rates.On a side note it could be worth trying reversing the process in that we have a proposal that would secure say $100000 for exchange implementation and then let any exchange bid for some of that funding.