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Blockchain Trading and Exchange

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The Palgrave Handbook of Technological Finance

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Abstract

Blockchains have been utilized to trade and record transactions of cryptocurrency for years, but are beginning to impact trade, settlement, and clearing of more traditional financial assets as well. In this chapter, we survey the landscape of trading venues and other market participants in the blockchain ecosystem and synthesize the literature assessing the benefits and challenges of the technology for trade and exchange.

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Notes

  1. 1.

    Cryptocompare lists 220 centralized exchanges and 19 decentralized exchanges as of this writing: https://www.cryptocompare.com/exchanges/#/overview.

  2. 2.

    See https://tether.to/tether-response-to-flawed-paper-by-griffin-and-shams/.

  3. 3.

    See, for example, https://prestonbyrne.com/2017/12/10/stablecoins-are-doomed-to-fail/.

  4. 4.

    See https://www.dtcc.com/news/2017/january/09/dtcc-selects-ibm-axoni-and-r3-to-develop-dtccs-distributed-ledger-solution.

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Authors and Affiliations

  1. ESE Business School, Universidad de Los Andes, Santiago, Chile

    Hugo Benedetti

  2. Lundquist College of Business, University of Oregon, Eugene, OR, USA

    Stephen McKeon & Cameron Pfiffer

Authors
  1. Hugo Benedetti
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  2. Stephen McKeon
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Correspondence to Stephen McKeon .

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Editors and Affiliations

  1. University of Cambridge, Cambridge, UK

    Raghavendra Rau

  2. University of Cambridge, Cambridge, UK

    Robert Wardrop

  3. University of Chicago Booth School of Business, University of Chicago, Chicago, IL, USA

    Luigi Zingales

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Benedetti, H., McKeon, S., Pfiffer, C. (2021). Blockchain Trading and Exchange. In: Rau, R., Wardrop, R., Zingales, L. (eds) The Palgrave Handbook of Technological Finance. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-65117-6_14

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