Crypto’s Quirky Automated Market Makers and How They Differ From TradFi Exchanges

Crypto’s Quirky Automated Market Makers and How They Differ From TradFi Exchanges


The conceptual simplicity of cryptocurrencies drives much of the excitement and adoption of the asset class. Cryptocurrencies are, by and large:

digital units of account … that store value … and that can be exchanged for other items of value.

Readers who can still recall their early principles of economics classes probably recognize that those three tenets are part of the definition of money itself.

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