What is ex works in the context of cryptocurrency trading?

3 answers

• Ra RaSep 03, 2024 · a year ago
  Ex works in the context of cryptocurrency trading refers to a type of trade where the seller is responsible for making the cryptocurrency available for pickup at their location. The buyer is responsible for arranging transportation and assumes all costs and risks associated with the transportation. It's important to note that ex works only covers the delivery of the cryptocurrency and does not include any additional services or costs. This term is commonly used in international trade and can be applied to various types of assets, including cryptocurrencies.
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• Horner LockhartJun 13, 2024 · a year ago
  Ex works is a term used in cryptocurrency trading to describe a transaction where the seller makes the cryptocurrency available for pickup at their location. The buyer is responsible for arranging transportation and bears all costs and risks associated with it. This term is commonly used in the trading industry to specify the delivery terms of a transaction. Ex works is often preferred by sellers as it allows them to minimize their responsibilities and costs after making the cryptocurrency available for pickup.
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• Jacklin DeborahApr 16, 2021 · 4 years ago
  In the context of cryptocurrency trading, ex works means that the seller is responsible for making the cryptocurrency available for pickup at their location. The buyer is then responsible for arranging transportation and assumes all costs and risks associated with it. This term is commonly used in international trade and provides a clear understanding of the delivery terms. It's important for buyers to carefully consider the logistics and costs involved in arranging transportation when engaging in ex works transactions.
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