Market Fragmentation in Digital Assets: Structure, Liquidity and Implications

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Authors: Tom J Espel
Cited by: 0

Abstract

In this seminar, we will: Analyze the three dimensions of market fragmentation (horizontal, vertical, temporal) and their impact on liquidity distribution in digital asset markets; Evaluate how fragmentation across CEX and DEX venues impacts trading execution and risk management; Apply market microstructure principles to understand trading strategies.

Fields of Study & Subjects

Financial Markets and Investment Strategies Blockchain Technology Applications and Security FinTech Crowdfunding Digital Finance

Publication details

Journal / source
Zenodo (CERN European Organization for Nuclear Research)
Publication date
4 February 2026
Language
EN