What are the differences between primary and secondary markets in the context of digital currencies?

1 answers

• Dec 28, 2021 · 3 years ago
  In the context of digital currencies, the primary market is where new coins or tokens are first made available to investors. This can happen through ICOs or token sales, where the project team or issuer directly sells these digital assets to the public. The secondary market, on the other hand, is where these digital currencies are traded after they have been issued. This can occur on cryptocurrency exchanges, where buyers and sellers can trade these assets. The primary market is typically associated with the launch of a new digital currency, while the secondary market provides liquidity and allows investors to buy and sell these assets. Overall, the primary market is where new digital currencies are introduced, while the secondary market is where investors can trade these assets once they are available.
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