The currency trading zones tend to overlap at specific times.
Not exact matches
A second and wider - reaching development is a scheme to allow the yuan and other foreign
currencies to be freely
traded with few restrictions by firms in the Shanghai Free
Trade Zone (FTZ).
However, bitcoin can not be placed in the same category since it is not legal tender and has very few uses outside its
trading zone, thereby making investors holding the
currency that has zero value extremely vulnerable to potential risks.
If you prefer to
trade during the USA time
zone, then the most successful
trading opportunities were generated in the EUR / USD and USD / CAD
currency pair.
This echoes Saxo's previous prediction that Greece only has a 50 % chance of staying in the
currency zone within the same period, which from a forex
trading account perspective would be worth considering for long term
currency trades.
If you're not familiar with cross-listing, it's a common practice among large corporations that want their shares to
trade in more than one
currency (and sometimes more than one time
zone).
The fact that most legislators see bitcoins as a commodity, not a
currency, allows many companies to stay in a «grey
zone» without provoking too much interest from the authorities: they need simply to conduct all
trade in bitcoins, without involving fiat
currencies.