Steemit Crypto Academy Contest Season 11 Week 3 - "Dark Pools In Cryptocurrencies"

Introduction

Hi Steemians,

First of all, we wish you, dear members, a new week full of challenges and enthusiasm to participate in our contest within this season 11 and also in other worthy contests, we also send a very special greeting to the wonderful members of the Steemit Crypto Academy community who have remained loyal to our competitions and provided content full of good knowledge through serious research efforts, which has greatly benefited all users of the platform.

We therefore welcome you back to the third week of the Steemit Engagement Challenge, and we hope that we meet in this competition with new users meeting all the required conditions, This week will be held from tomorrow, Monday August 7th at 00:00 UTC until Sunday August 13 at 23:59 UTC. Work is sacred wherever it is, so we invite you to work and contribute to enriching your publishing platform, as well as interacting with your colleagues by leaving relevant comments and votes.

What Is Dark pools?

In finance, a "dark pool" is a private market used by its participants to trade different types of securities. These are essentially parallel markets operating outside the more well-known regular markets. Liquidity in these markets is called "dark pool liquidity".

To avoid transparency in public markets and ensure liquidity for high-volume trades, several investment banks have created private markets, known as dark pools. For traders with large orders who cannot place on public exchanges, or who do not want to make their intentions known, dark pools provide a market of buyers and sellers with enough liquidity to execute the trade.

What is Expected in the Contest?

• Discuss in your own words what Dark Pools are in cryptocurrency. And explain how it works?

• Do all crypto exchanges offer a dark pools? If yes, explain how does its dark pool work? What tokens are supported? Are there any fees attracted? And What are the requirements to get involved in dark pools trading on the platform?

• For the chosen dark pools, show how to perform block trading on the platform. (Screenshots required).

• Explain the decentralized dark pools? State a decentralized dark pool in cryptocurrency and discuss it. How it works?

• Compare a centralized crypto exchange dark pools with a decentralized dark pool. What are the distinctive differences?

• What are the advantages and disadvantages of the Dark pools in Cryptocurrency?

Contest Guidelines

• Post your articles in the Steemit Crypto Academy community. The participation time is between Monday, August 7th, 2023, 00:00 UTC to Sunday, August 13th, 2023, 23:59 UTC.

• The article should be at minimum 500 words. You can write more. Your article must be free of any form of plagiarism.

• Your article title should be Steemit Crypto Academy Contest / S11W3 - Dark Pools In Crypto . Add the tag #cryptoacademy-s11w3 and other relevant tags.

• Participants must be appropriately following #club5050 or #club75 or #club100.

• Participants must be verified and active users on the platform.

• The community moderators would be leaving quality assessments on your articles and probable upvotes.

• In addition, your article must get at least 10 upvotes and 5 valid comments to count as valid in the contest, so ensure you interact with other users' entries. Do not be involved in vote-buying.

Rewards

• SC01 would be checking on the entire 7 participating communities and upvoting outstanding content. Upvote is not guaranteed for all articles. Kindly take note.

• At the end of the week, we would nominate top 3 users that had performed well in the contest and they would be eligible for votes from SC01/SC02.

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Important Notice: The nomination of the top 3 users in our community is not based on good grades alone, it includes their general engagements (quality and quantity of their interactions with other users' articles) to measure the overall performance. Also note that generally, you can only make one post per day in the Steemit Engagement Challenge.

Conclusion

The apparent anonymity and its lack of transparency can also be disadvantages at the level of dark pools, the transactions being not controlled and the possibility of having irregularities. Thus, there are strong indications that there are also high-frequency trades in dark pools and that these take advantage of unsuspecting trading participants.