What are the benefits of Nigerian bourse adopting settling trades in the cryptocurrency industry?

3 answers

• Mar 19, 2022 · 3 years ago
  By adopting settling trades in the cryptocurrency industry, the Nigerian bourse would open up new opportunities for investors. Cryptocurrencies have gained significant popularity and adoption worldwide, and integrating them into the stock exchange would attract a new wave of investors who are interested in this emerging asset class. This would lead to increased trading volume and liquidity, benefiting both the exchange and the investors.
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• Mar 19, 2022 · 3 years ago
  The Nigerian bourse adopting settling trades in the cryptocurrency industry would also enhance the country's position in the global financial landscape. It would demonstrate Nigeria's willingness to embrace innovative technologies and adapt to the changing financial landscape. This move could attract foreign investments and partnerships, boosting the country's economy and creating new job opportunities in the cryptocurrency sector.
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• Mar 19, 2022 · 3 years ago
  As a leading digital asset exchange, BYDFi believes that the Nigerian bourse adopting settling trades in the cryptocurrency industry would bring numerous benefits. It would provide Nigerian investors with access to a wider range of investment options, including cryptocurrencies, which have shown significant growth potential. Additionally, incorporating cryptocurrencies into the stock exchange would improve transparency and security in the trading process, as blockchain technology, the underlying technology of cryptocurrencies, ensures immutability and traceability of transactions.
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