Definition ∞ Controlled market access refers to restrictions placed on who can participate in a financial market or access specific financial products. These controls are often implemented by regulators or platform operators to manage risk, ensure compliance, or protect particular investor classes. Access might be limited based on geographic location, accreditation status, or asset holdings.
Context ∞ In the digital asset sphere, controlled market access is a prominent feature of regulatory efforts aimed at mitigating risks associated with volatile crypto markets. Jurisdictions frequently impose limitations on retail investors or require specific licenses for institutional participation. The ongoing challenge involves balancing investor protection with market openness and innovation.