What are the Advantages of Dark Pool Crypto Exchange?

[Suba]

Even though at first the term dark pool was only used in the stock market, now dark pool is also used in crypto trading. Dark pool is a special crypto exchange used by whales to transact crypto. On the dark pool exchange there are no orders like on crypto exchanges in general. What are the benefits of darkpool on the crypto market?

 

[flower]

The whales at the one detecting the movement of the crypto market.

 

[Niyi Briggs]

Dark pools are private exchanges for trading securities, offering benefits such as anonymity and reduced market impact. However, potential drawbacks include decreased price transparency and increased potential for conflicts of interest.

 

[saoussen5765]

Dark pools are private exchanges for trading securities, offering benefits such as anonymity and reduced market impact. However, potential drawbacks include decreased price transparency and increased potential for conflicts of interest.

So if it is possible could you mention some example of site names supporting dark pools just to browse them and get an idea about how do they work or mechanism of work or you do not have any example?

 

[Chibson]

I think the major advantage of using the dark pool cryptocurrency exchange is that you'll be able to monitor the movement of whales in the crypto market.
That can give you an edge in the market.