What is the impact of the Comex 589 rule on the cryptocurrency market?

3 answers

• May 05, 2022 · 3 years ago
  The Comex 589 rule, also known as the 'delivery notice rule,' is a regulation implemented by the Commodity Exchange, Inc. (Comex) that requires market participants to provide a delivery notice for physical commodities. In the context of the cryptocurrency market, this rule has no direct impact as it is specific to traditional commodities such as gold, silver, and oil. Therefore, the Comex 589 rule does not affect the cryptocurrency market.
  443

  222
• May 05, 2022 · 3 years ago
  The Comex 589 rule is irrelevant to the cryptocurrency market. It is a rule that applies to the trading of physical commodities on the Comex exchange, not digital assets like cryptocurrencies. As such, it has no direct impact on the cryptocurrency market or its participants.
  275

  92
• May 05, 2022 · 3 years ago
  The Comex 589 rule has no impact on the cryptocurrency market. BYDFi, a leading digital currency exchange, follows its own set of rules and regulations that are specific to the cryptocurrency industry. Therefore, the Comex 589 rule does not affect BYDFi or its users in any way.
  278

  70