What is the digital currency in the stock market
digital currency is abbreviation of digital currency. It is an alternative currency in the form of electronic currency. Digital gold coin and cryptocurrency (bitcoin, DCT) belong to digiccy
stock is the certificate of ownership issued by a joint-stock company, which is a kind of valuable securities issued by a joint-stock company to each shareholder as a certificate of shareholding in order to raise funds and obtain dividends and dividends. Each share represents the ownership of a basic unit of the enterprise. Behind every stock is a listed company. At the same time, every listed company will issue shares.
Digital currency is a kind of legal tender, which must be issued by the central bank. Both digital gold coin and cryptocurrency belong to digital currency, which is not a network virtual currency, because it is not limited to virtual space, but is often used for real goods and services transactions, such as bitcoin, Wright coin, bitstock, etc. at present, there are thousands of digital currencies issued around the world
extended data:
1. Impact on financial infrastructure
the decentralized mechanism of value exchange based on distributed ledger technology has changed the basic settings of gross and net settlement on which financial market infrastructure depends. The use of distributed ledgers also poses challenges to trading, clearing and settlement, as it promotes the disintermediation of traditional service providers in different markets and infrastructures. These changes may have potential impacts on market infrastructure other than retail payment systems, such as large payment systems, securities settlement systems or trading databases
If digital currency and distributed ledger based technology are widely used, it will bring challenges to the intermediary role of financial system participants, especially banks. As a financial intermediary, banks perform the ties of acting supervisors and supervise borrowers on behalf of depositors. Usually, banks also carry out liquidity and maturity conversion business to realize the financing from depositors to borrowers. If digital currency and distributed ledger are widely used, any subsequent disintermediation may have an impact on savings or credit evaluation mechanisms1. In terms of time, there is a time limit for stock speculation, but there is no time limit for currency speculation
the time limit of stock speculation is very strict, opening at 9:30 a.m. and closing at 11:30 a.m; It opens at 13:00 p.m. and closes at 15:00 p.m. with 4 hours of trading a day and 20 hours of trading a week. However, there is no such limit to speculation, trading 24 hours a day. Because the currency market is open to all over the world, in order to enable everyone to participate in trading and break the trouble caused by time difference, a 24-hour all day trading mode has been set up
2. In terms of the range of rise and fall, the stock market has the limit of rise and fall, but the currency market does not
the daily fluctuation of stock market can't exceed 10%, but the fluctuation of currency market is very huge. For example, on September 4, 2017, the central bank issued an announcement, pointing out that domestic financing activities in the form of issuing tokens, including initial token issue (ICO), are suspected of engaging in illegal financial activities, seriously disrupting the economic and financial order. The announcement triggered a major earthquake in the currency circle, and all currencies plummeted. After the central bank document was issued at 3:00 p.m. on September 4, all virtual currencies dived. The currencies in the trading area fell by about 4% - 20% in three days, and the currencies in the innovation pilot zone fell by about 15% - 50%
warm tips:
1. The above explanations are for reference only
2. Before investing in digital currency, it is recommended that you first understand the risks of the project, and understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
response time: March 11, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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