How do primary markets in the cryptocurrency industry work compared to secondary markets?

1 answers

• Mar 23, 2022 · 3 years ago
  Primary markets in the cryptocurrency industry are where new coins or tokens are first introduced to the public. This can happen through ICOs or IEOs, where investors can purchase these tokens directly from the project. Secondary markets, on the other hand, are where these tokens are traded after the initial offering. This is where buyers and sellers come together on cryptocurrency exchanges to trade tokens. Secondary markets provide liquidity and allow investors to buy and sell tokens at market prices. It's important to note that different projects may have different rules and mechanisms for their primary and secondary markets, so it's always a good idea to do thorough research before participating in any investment.
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