What are the potential risks and rewards of trading i.o.u. on cryptocurrency exchanges?

1 answers

• Dec 27, 2021 · 3 years ago
  Trading i.o.u. on cryptocurrency exchanges can be a risky endeavor, but it also presents potential rewards. By trading i.o.u., investors can gain exposure to a wide range of cryptocurrencies and benefit from their price movements without actually owning the assets. This can be particularly advantageous in a volatile market, as it allows for quick and flexible trading strategies. However, it is important to note that trading i.o.u. comes with its own set of risks. Investors should be aware of the counterparty risk associated with trading on exchanges, as well as the potential for market manipulation. It is crucial to choose reputable exchanges and exercise caution when engaging in i.o.u. trading.
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