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Five signs of a really *functional* market

1) The spread between the top three exchanges offering your product is no less than… ,000.2) The utility function of your “currency” product is compromised by a traffic jam of 193,211 transactions…3) The average transaction fee to initiate a payment is .4) A conspiracy theory involving the imminent hacking of your network doing the rounds.5) People allegedly killing themselves because of FOMO. Copyright The Financial Times Limited 2017. All rights reserved. You may share using our article tools. Please don't cut

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1) The spread between the top three exchanges offering your product is no...

Izabella Kaminska
Izabella Kaminska joined FT Alphaville in October 2008, which was, perhaps, the best time in the world to become a financial blogger. Before that she worked as a producer at CNBC, a natural gas reporter at Platts and an associate editor of BP’s internal magazine. She has also worked as a reporter on English language business papers in Poland and Azerbaijan and was a Reuters graduate trainee in 2004.

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