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Cryptoasset Market Structure

Definition

Cryptoasset market structure describes how digital assets are traded and organized. This term refers to the operational framework comprising various trading venues, such as centralized exchanges, decentralized exchanges, and over-the-counter desks, along with the intermediaries, liquidity providers, and protocols that facilitate transactions. It includes the mechanisms for price discovery, order execution, and settlement, which collectively determine market efficiency and accessibility. The structure influences liquidity, volatility, and regulatory oversight within the digital asset space.