What is the definition of 'ex works' in the context of cryptocurrency trading?

3 answers

• Alexander XieSep 07, 2024 · 10 months ago
  In cryptocurrency trading, 'ex works' refers to a type of trade where the buyer takes full responsibility for the purchased asset as soon as it leaves the seller's possession. This means that the buyer is responsible for arranging transportation, insurance, and any other logistics involved in delivering the asset to its final destination. It is important for buyers to understand the implications of 'ex works' as it can have an impact on the overall cost and risk associated with the trade.
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• Price WieseDec 31, 2021 · 4 years ago
  When it comes to cryptocurrency trading, 'ex works' basically means that once the asset is out of the seller's hands, it's all on the buyer. This includes everything from shipping to insurance. So, if you're buying cryptocurrency 'ex works', make sure you're prepared to handle all the logistics yourself. It's a bit like buying a car 'as is' - once you drive it off the lot, it's your responsibility.
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• Felay SlluSabarmnantiJan 07, 2025 · 6 months ago
  In the context of cryptocurrency trading, 'ex works' means that the buyer assumes all responsibility for the asset as soon as it leaves the seller's possession. This includes arranging for transportation, insurance, and any other necessary logistics. It's important for buyers to carefully consider the implications of 'ex works' before entering into a trade, as it can have significant cost and risk implications. However, it also provides buyers with more control over the process and allows for greater flexibility in terms of delivery options.
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