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The Daily Hodl
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Should Bitcoin Have Trading Halts or Circuit Breakers?

by Powered by eToro
July 29, 2020
in Explore
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

OUR STORY                 DISCOVER CRYPTOCURRENCIES                  NEWS AND UPDATES

October 19, 1987. Better known as Black Monday (now a Showtime original series), it was the worst market crash in US history since Black Tuesday on October 29, 1929, which triggered the Great Depression. On Black Monday, the Dow Jones Industrial Average fell 22.6%, while S&P 500 futures contracts plummeted 29%.

With trading volumes sky-high and systems overwhelmed all over the world in October 1987, a solution was finally put in place known as “trading halts,” which basically acted as circuit breakers to stop trading. To this day, the SEC regulates market-wide trading halts, although an individual market, even an individual stock, can trigger its own freeze.

Trading halts can stop trading for 15 minutes and, in severe instances, can close trading for the day.

On March 12, 2020, the stock market plunged severely due to the global pandemic, triggering a Level 1 halt.

While the traditional financial markets have a system in place – what about cryptocurrency? Bitcoin has experienced some major mood swings in response to economic uncertainty, but will investors welcome regulatory action in their decentralized market?

To learn more, check out the video below.

I


This is a marketing communication and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without having regard to any particular investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past performance of a financial instrument, index or a packaged investment product are not, and should not be taken as a reliable indicator of future results.

All contents within this report are for informational purposes only and does not constitute financial advice. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared utilizing publicly-available information.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. Your capital is at risk.

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.




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