What is a Co-governed exchange (What does co-governance mean)

08/15/2023 08:53 • Metaverse Matters • 81 views

What is a Co-governed exchange? A Co-governed exchange is a digital currency contract trading platform built on the Ethereum blockchain. This technology was developed by the well-known Japanese financial institution Nomura, and it generates revenue through collaboration with other companies.

The Co-governed exchange is created by three parties altogether. First, it provides liquidity support. Second, it delegates the business logic and management process to the clients, meaning that users need to purchase margin for their assets and then sell them. At the same time, users can use their own accounts for fund transfers and withdrawals, among other operations.

According to the introduction, the Co-governed exchange has the following features:

1. Fully automated matching system, which allows anyone to directly obtain order information from the exchange. This includes fiat currency, cryptocurrencies, foreign exchange rates, and other data.

2. No permission required. This includes authorization and control over all users without the involvement of a third party.

3. Complete transparency. All services are open. For example, users can register personal accounts or log into the exchange using private keys.

What does co-governance mean?

Co-governance refers to the cooperation and governance among stakeholders based on legal frameworks, administrative regulations, and economic policies.

Specifically, what does “co-building” mean? It means that government departments reach consensus through negotiation or other means on whether to use “common ownership”. This coordination and development process actually requires everyone’s joint efforts to accomplish. “Co-operation” is a means to address practical issues. For example, we see a company called Ant Financial announcing the establishment of a blockchain company today, hoping to apply blockchain technology to the supply chain finance industry. “Co-management” means that when you have funds in your wallet, you can transfer them to a specific company to exchange for goods and services. This way, you no longer have to worry about the risk of your assets being misappropriated or seized by others, but rather you will find that your assets are fully controlled and held by this entity.

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What is a Co-governed exchange (What does co-governance mean)

What does co-governance mean?

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