Re: [ANN] ION [ION] | POS 3.0 | Mobile Gaming | Join the ionomy today!
I wonder how much of the BTC exchange preference is due to KYC and anti-money-laundering measures? I assume Coinbase and the like that have somewhat successfully navigated these issues, have incurred, and are still incurring, a few additional expenses and red tape along the way. Exchanges use local currency for stocks, why would they not? My understanding is that FOREX trading outpaces all stock markets combined. Purchasing assets or exchanging currency in relation to crypto? I'm not sure if collectively we know. Maybe Crypto to Crypto is the stock market, and Crypto to FIAT is the Forex component? 
It seems that most broad comparisons are with total crypto market capitalization, in USD. We are so convoluted it seems, or is it fake news.
It seems that most broad comparisons are with total crypto market capitalization, in USD. We are so convoluted it seems, or is it fake news. The whole idea of centralized exchanges and other sites goes against basic principles of crypto. It carries enormous risks and has lead to huge scams (Gox, Cryptsy, etc). Ionomy isn't helping either, what with their PNGs and hosted masternodes and other website-based stuff. Sadly most folks seem to be more than happy to give up their private keys so this is like eating your veggies... it's not like a lightning is gonna strike you immediately if you don't do the right thing so it looks like you can get away with it forever. Until you can't.
Sure, there is some need for a gateway between crypto and fiat but most of that could be satisfied via future/option contracts. Vast majority (95%+ IIRC) of commodity contracts - e.g. oil, gold etc - are settled in cash, not via physical delivery, and most crypto/fiat trades probably don't end up in actual withdrawals either.