Are dark pools illegal?
Could you please clarify the legality of dark pools in the context of cryptocurrency and finance? Are they considered illegal or do they operate within certain legal frameworks and regulations? I'm curious to know if there are any specific laws or policies that govern their operation and whether there are any risks or concerns associated with using them. Additionally, how do dark pools compare to other trading platforms in terms of transparency and fairness?
Who runs dark pools?
Could you clarify who exactly operates these so-called "dark pools" in the world of finance? Are they primarily regulated exchanges, unregulated entities, or a mix of both? What kind of institutions or individuals typically have the means and motivation to establish and maintain such platforms? Additionally, what are the primary benefits and potential risks associated with dark pools for market participants? Lastly, how do regulators around the world view and attempt to oversee these opaque trading venues?
Are dark pools useful in illiquid cryptocurrency markets?
Could you elaborate on the potential usefulness of dark pools in illiquid cryptocurrency markets? Given the volatility and lack of liquidity in some crypto assets, do dark pools provide a viable solution for traders seeking to execute large orders without significantly impacting market prices? Are there any specific advantages or disadvantages to utilizing dark pools in this context? Would you argue that dark pools enhance or hinder the overall efficiency of these markets? Lastly, how do you envision the role of dark pools evolving in the future of cryptocurrency trading?