What are the potential impacts of the Skeb downtime on the cryptocurrency market?

1 answers

• mango_saplingApr 24, 2021 · 4 years ago
  As a representative of BYDFi, I can say that the Skeb downtime can create opportunities for other exchanges in the cryptocurrency market. Traders who are unable to access Skeb during the downtime may turn to alternative platforms, such as BYDFi, to continue their trading activities. This can result in an increase in trading volume and liquidity for BYDFi. However, it is important to note that the impact of Skeb downtime on the overall market will depend on the duration and severity of the downtime. If the downtime is short-lived and Skeb quickly resolves the issues, the impact may be minimal. On the other hand, if the downtime persists for an extended period, it can have a more significant impact on the market as traders may lose confidence in Skeb and seek alternative exchanges for their trading needs.
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