Exved founder Sergey Mendeleev warned that non-qualified retail investors on Moscow Exchange could face uncompetitive trading conditions and wide spreads, comparing Moscow Exchange's crypto trading product to Sberbank precious metals accounts

The venues where digital assets trade, from Coinbase and Binance to decentralized protocols, with their listings, licenses, custody and failures.

How easily digital assets trade without moving the price, shaped by market makers, exchange depth, and stablecoin supply.