Markets are sticky. They are inefficient and prices are slow to adjust. More trade would happen if markets were more efficient. What would cause the markets to be more efficient? Better information. What’s the web good for? Access
The US Dollar is considered as a reserve currency today. We can say that this is also a valid discourse for the investment world. Because current data shows that no fiat money can even come close to the dollar in cryptocurrency and foreign exchange transactions.
Crypto Money Transactions
Currently, almost every country has its own cryptocurrency exchange. At its simplest, crypto currency investors in Turkey were able to use several different crypto currency exchange. But for what purpose do people use the stock markets in their countries?
Today, many (if not all) investors use local exchanges only as a step to switch to global exchanges. After these investors switch to global stock markets, they stop using TRY and are trading with USD. This is true not only for Turkey, Japan, South Korea, Germany, etc. It is also valid for such countries.
We can see the effects of this when we