If you match the price..wouldnt you the exchange operator lose money on this?
Esp when the prices are volatile, a whale can just see this and take advantage easily?
Topic: Opening a New Fiat Exchange (Read 392 times)
No ideas?
Hi Guys I am opening a new FIAT- Bitcoin- ETHER exchange based int he UK that takes bank transfers and SEPA. The trades are between people to people. Sellers have to pay a refundable deposit to trade there... But I as the admin will probably be doing most of the selling.
But I am going to create a new site currency which will be a token in ETHEREAM.
I was thinking of having this as a traceable coin.. Also I was going to have it on the site that you can only trade it Equal or Above the asking price and never below. This means users can buy it and instantly exchange it for bitcoin or ETH at any time they wish in the future with the knowledge it will not depreciate.. So they can buy it and potentially just buy it as an investment.
Can anyone possible tell me their opinions of this?
The exchange is nearly made but the site token is still in brain storming mode. Do you have any thoughts?
But I am going to create a new site currency which will be a token in ETHEREAM.
I was thinking of having this as a traceable coin.. Also I was going to have it on the site that you can only trade it Equal or Above the asking price and never below. This means users can buy it and instantly exchange it for bitcoin or ETH at any time they wish in the future with the knowledge it will not depreciate.. So they can buy it and potentially just buy it as an investment.
Can anyone possible tell me their opinions of this?
The exchange is nearly made but the site token is still in brain storming mode. Do you have any thoughts?
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