Definition ∞ Cross-Market Access refers to the ability for participants to trade or interact with digital assets across multiple distinct exchanges or trading platforms. This capability allows users to find optimal prices, increase liquidity, and diversify their trading strategies by reaching a wider pool of assets and counterparties. It facilitates a more interconnected and efficient global digital asset market.
Context ∞ The fragmentation of liquidity across numerous digital asset exchanges highlights the ongoing discussion surrounding Cross-Market Access and its implications for price discovery and market manipulation. Decentralized finance protocols are working to aggregate liquidity and provide more unified trading experiences. Regulatory efforts are also examining how to oversee and ensure fair practices within these interconnected trading environments.