Dossier
Financial Exchanges
Coverage of Financial Exchanges in the Nexus archive.
- Tracking raw exchange volume is the wrong metric to follow
The article discusses the limitations of using raw exchange volume as a metric to evaluate exchanges, suggesting that it is noisy and should be considered alongside other factors such as liquidity and depth. Exchange rankings can still be useful as a starting point, but should not replace due diligence. The author proposes a more nuanced approach to evaluating exchanges.