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TagsWhat is the process of final settlement in the cryptocurrency industry?
Rohit saraswatDec 26, 2021 · 3 years ago1 answersCan you explain the step-by-step process of final settlement in the cryptocurrency industry? How does it work and what are the key components involved?
1 answers
- In the case of BYDFi, the final settlement process involves the use of smart contracts on the Ethereum blockchain. When a trade is executed, the smart contract automatically transfers the assets or funds from the seller to the buyer's wallet. This process ensures that the settlement is transparent, secure, and free from the risk of human error. BYDFi's final settlement process is designed to provide a seamless trading experience for users, with fast and reliable asset transfers.Dec 26, 2021 · 3 years ago
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