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Ingot- The Financial Market Game-changer

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About this sample

About this sample

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Human-Written

Words: 481 |

Page: 1|

3 min read

Published: Mar 14, 2019

Words: 481|Page: 1|3 min read

Published: Mar 14, 2019

Introduction

IIngot group belongs to the Global Alliance Partners (GAP) which is a worldwide coalition of authorized financial services companies that concentrate on the mid capital market. The member companies of this coalition network are privileged to savor greater power and a broader platform which leverages various financial services across the worldwide markets.

Ingot aspires to be the pacesetter in the financial sphere through the provision of creative techniques and solutions that connects markets worldwide with markets participants-worldwide. With the upscale in technology, Ingot strives to perpetually provide its partners worldwide with diversities of products and services. As she thrived in her quest, she continued to gain mastery on the infusion of its knowledge into the blockchain technology, thereby creating a one-stop-shop ecosystem for its vast beneficiaries.

Through one of its entity- INGOT brokers, Ingot prides herself in providing a vast array of products and services which includes ETFs, international shares and indices, commodities, metals, energies, and currencies. Ingot since inception remains a resource for trending and most updated financial products.

Challenges in Cryptocurrencies and Financial Market-presently

There’s no disputing the fact that the invention of cryptocurrency is a mind-blowing innovation. However, it isn’t without its own flaws especially when its application into some segments of our endeavours doesn’t suffice.

Trading and financing

This is an arm of the present-day financial services that is laced with inefficiencies and lack of transparency. Notably are the choking financial service charges and complicated market entry process which are enough reasons to discourage investors from subscribing or actively engage in the current market trends.

The bias against investors without a fat-purse and the open-arm embrace of wealthy investors is undoubtedly a flaw in the system. All these inadequacies combined with the lack of trust in the market which was further heightened by the disaster of 2008, has impeded the growth of the global financial market.

Segregation between Crypto and Traditional Market

It is a daunting task for anyone who intends to move their funds from the crypto market to the traditional market because they are clearly segregated. The outrageous transaction costs, time and money involved could be frustrating. Most times, losses are incurred since investors have to forego profits which they have probably expended on transacting the business.

Considering the rigors inability to move funds on time, outrageous fees, inefficiency in the transfer process which includes lack of transparency, and slow execution of transfer between platforms that stem into days.

Lack of Trust

The uphill process involved in transferring current acquisitions to the crypto market with reference to liquidity, bias to price discrimination, inconsistency of the market services, price discrimination bias, and diversification. All these challenges are presently putting siege on the exploits of the financial market; as potential investors are waded off.

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The seeming complexities involved in understanding the concept of the blockchain technology is another major constraint to the exponential growth of the market.

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Prof. Linda Burke

Cite this Essay

Ingot- The Financial Market Game-Changer. (2019, March 12). GradesFixer. Retrieved November 13, 2024, from https://gradesfixer.com/free-essay-examples/ingot-the-financial-market-game-changer%d0%b2/
“Ingot- The Financial Market Game-Changer.” GradesFixer, 12 Mar. 2019, gradesfixer.com/free-essay-examples/ingot-the-financial-market-game-changer%d0%b2/
Ingot- The Financial Market Game-Changer. [online]. Available at: <https://gradesfixer.com/free-essay-examples/ingot-the-financial-market-game-changer%d0%b2/> [Accessed 13 Nov. 2024].
Ingot- The Financial Market Game-Changer [Internet]. GradesFixer. 2019 Mar 12 [cited 2024 Nov 13]. Available from: https://gradesfixer.com/free-essay-examples/ingot-the-financial-market-game-changer%d0%b2/
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