Changpeng Zhao, known as “CZ,” is the founder and former chief executive officer (CEO) of Binance, the world’s largest cryptocurrency exchange. Zhao founded Binance in 2017, which quickly grew in daily trading volume to more than $20 billion. An avid Bitcoin enthusiast, he amassed a fortune in cryptocurrency, but most of his net worth was due to his holdings
What Is Supply? Supply is a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers. Supply can relate to the amount available at a specific price or the amount available across a range of prices if displayed on a graph. This relates closely to the demand for a
What Is a Stop-Loss Order? A stop-loss order is a type of order used by traders to limit their loss or lock in a profit on an existing position. Traders can control their exposure to risk by placing a stop-loss order. Stop-loss orders are orders with instructions to close out a position by buying or
The cryptocurrency landscape is characterized by a unique lexicon that can be overwhelming for newcomers. A glossary of terms and acronyms is essential for understanding the intricacies of this rapidly evolving digital asset class. The world of cryptocurrency is characterized by a rapidly evolving lexicon that can be daunting for both newcomers and seasoned investors.
According to a recent survey carried out by Forbes Advisor, almost two-thirds (65%) of the investing public has money in cryptocurrency. Cryptocurrency is like a form of digital money. It is a way of making payments from person to person without any organisation or institution in the middle to facilitate it. For example, if you want to pay
What Are Shares? Shares are units of ownership in a company. The terms “shares” and “stocks” are often used interchangeably, but they represent a company differently. While this may seem confusing, it is a matter of how you’re talking about a company and how much ownership you have in it. For example, say XYZ company
What Is Market Capitalization? Market capitalization, or “market cap,” represents the total dollar market value of a company’s outstanding shares of stock. Investors use this figure to determine a company’s size instead of sales or total asset value. In an acquisition, the market cap helps determine whether a takeover candidate represents a good value for the acquirer. KEY TAKEAWAYS
What Is the New York Stock Exchange (NYSE)? The New York Stock Exchange (NYSE) is a stock exchange located in New York City that is the largest equities-based exchange in the world, based on the total market capitalization of its listed securities. Formerly run as a private organization, the NYSE became a public entity on March 8, 2006, following the
What Is the Secondary Market? The secondary market is where investors buy and sell securities. Trades take place on the secondary market between other investors and traders rather than from the companies that issue the securities. People typically associate the secondary market with the stock market. National exchanges, such as the New York Stock Exchange (NYSE) and
What Is a Primary Market? A primary market is a source of new securities. Often on an exchange, it’s where companies, governments, and other groups go to obtain financing through debt-based or equity-based securities. Primary markets are facilitated by underwriting groups consisting of investment banks that set a beginning price range for a given security and oversee