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The Importance Of Mobile Trading For Crypto

Published 12/16/2021, 12:22 PM
Updated 12/16/2021, 12:30 PM
The Importance Of Mobile Trading For Crypto

It makes abundant sense – why not use a smartphone as a trading device for cryptocurrencies and decentralized finance assets?

After all, it’s relatively easy to put a digital crypto wallet on one of these devices. Since the smartphone is portable, you’ll always have access to your portfolio and trading options in your favorite exchanges.

In some very fundamental ways, mobile trading is innovating crypto markets in a big way. Here’s some of what users are looking for, and what’s driving interest in either crypto day trading, arbitrage or other strategies through the kinds of exchanges and platforms that have sprung up to help manage cryptocurrency assets.

The Big Ones: Liquidity Aggregators

Some of the most popular mobile trading environments for crypto are liquidity aggregators that span various individual exchange environments and collect all of that trading capability on one platform. FTX, formerly known as Blockfolio, is one of these. So is Tab Trader. Typically, the liquidity aggregator will also handle a lot of different pairs and give traders access to quite a few detailed options during a trading cycle.

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Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
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