Why Do Indian Crypto Traders Keep Trading After Losses? Giottus CEO Raises a Bigger Exchange Design Question
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- The Giottus CEO shares a “utility vs casino” analogy for different types of crypto exchanges.
- Subburaj says that an exchange can influence the decision of a crypto trader.
- In India, well-designed exchanges could help traders stay away from impulsive decisions.
As digital assets continue to gain traction and the number of crypto exchanges increases, so do the risks for traders. But users are still not aware of how to respond to these losses. In India, crypto users are often told to stay calm and avoid emotional decisions after facing a severe loss.
However, Giottus CEO Vikram Subburaj believes that the way a crypto exchange is designed could help the way traders react when things go wrong. According to the Giottus CEO, crypto exchanges are designed to serve two very different kinds of users. His use of the “utility vs casino” analogy helps to understand…
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