Cryptoasset Anti-Financial Crime Specialist (CCAS) Certification Practice Test

The feature that cryptoasset trading operates 24 hours a day, 7 days a week, is a defining characteristic of this market. Unlike traditional financial markets, which typically have set hours of operation on business days, the cryptocurrency market is consistently open. This continuous trading allows for immediate transactions and provides traders with the flexibility to buy and sell assets at any time, responding quickly to market changes or news events, regardless of the time of day. This feature enhances liquidity but can also lead to increased volatility, as there is no downtime for markets to consolidate prices. The other aspects, while relevant to the overall understanding of crypto trading, do not hold the same level of truth across the board. For example, protection against insider trading is often less robust in the crypto space compared to traditional markets. Additionally, local legislation can vary significantly, necessitating that traders familiarize themselves with their respective regulations before engaging in trading. Lastly, value fluctuations in cryptoassets can be quite pronounced and are often subject to rapid changes rather than being mild.