How does the downtime of the Charles Schwab website affect the cryptocurrency market?

1 answers

• Steve GarayMay 08, 2022 · 3 years ago
  At BYDFi, we believe that the downtime of the Charles Schwab website can indirectly affect the cryptocurrency market. While the two markets operate independently, they are not completely isolated from each other. The downtime of a major traditional financial platform like Charles Schwab can create a sense of instability and distrust among investors, which may lead them to seek refuge in cryptocurrencies. This can potentially drive up demand and prices in the cryptocurrency market. However, it's important to note that the impact may be temporary and limited to certain segments of the cryptocurrency market.
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