Definition ∞ An Oligopolistic Market is a market structure dominated by a small number of large firms. These firms possess significant market power, influencing prices and supply. Their actions are interdependent, meaning one firm’s decisions affect the others. Entry barriers are typically high, limiting new competition.
Context ∞ The concept of an Oligopolistic Market applies to certain segments of the cryptocurrency ecosystem, such as centralized exchange services or staking providers. The discussion frequently examines the concentration of power among a few large entities and its implications for market fairness and decentralization. Future developments may involve regulatory efforts to promote competition or technological innovations that distribute control more broadly.
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